Manitoba Hydro saw a substantial increase in net profits for its fiscal year. 

Manitoba Hydro recorded a net income of $415 million for the last fiscal year.  The record net income is a substantial increase from the $136 million reported in the previous fiscal year. 

 Manitoba Hydro Spokesperson Glenn Schneider says the banner year will mean benefits to hydro customers, including the lowest electricity rates in the country. 


He attributes the record year to strong hydroelectric production from good water conditions. 

Manitoba Hydro has also been recognized as our nation's largest exporter of electricity to the U.S. accounting for 50% of Canada's exports to the South.