Cold weather heats up Hydro's bottom line
You may be sick and tired of the cold weather, but Manitoba Hydro is loving it.
The Crown corporation saw a net income of $72 million for the first three quarters of its fiscal year.
That's $110 million dollars better than the utility's bottom line was last year at this time.
Hydro credits the cold weather and good export prices.
And since the winter's far from over, Hydro expects its net income could exceed $130 million by next month.