Manitoba Hydro profit put at record $134M Winnipeg Free Press, 24 Feb 2000,
pA8
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.