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dam-l Record Manitoba Hydro Profits
To: "Aboriginal Rights Coalition" <arc@istar.ca>
From: Will Braun
Date: 2/24/2000 10:33:28 AM
Subj: Record Manitoba Hydro Profits
"Manitoba Hydro profit put at record $134M"
Winnipeg Free Press
February 24, 2000
p.A8
Staff
Manitoba Hydro is on the road to a record-profit year, a company spokesman
said yesterday.
Hydro public affairs manager Glenn Schneider said the utility racked up $78
million in net income for the nine-month
period ending Dec. 31.
Schneider said it's expected the profit for the year ending March 31 will
be $134 million, surpassing the $110 million mark set in 1997-98.
Export sales deserve much of the credit because they increased $37 million
to a total of $289 million (or 14.7 per cent), he said.
Hydro officially took over Centra Gas last July 30, and that operation had
a $3-million loss for the next five months.
However, Schneider said that's expected for that time of year, and a
$9-million profit is projected for the three months ending March 31.
© Winnipeg Free Press
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