Crown corporation posts second loss in three years
CBC NewsBartley KivesManitoba Hydro lost $157 million during its most recent fiscal year, thanks to drought conditions that plagued the Lake Winnipeg basin during much of 2023.
The Crown corporation's loss for the 2023-24 fiscal year, disclosed Tuesday in an annual report, represents a $795-million reversal of fortune from the previous fiscal year, which saw Hydro post a net income of $638 million.
Hydro blames the negative financial results on dry conditions across western Canada that led to low water levels on Lakeā¦
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