Manitoba Hydro says it must spend billions in the coming years to replace or overhaul aging generating stations, transmission towers and distribution lines that are degrading to the point where their declining condition poses a threat to Manitoba’s existing power supply. The Crown corporation says it must ramp up spending on existing infrastructure by an additional $200 million a year in order to avoid what it described in a 2022 asset-management report as “accelerated system performance degradation and diminished supply.” The report, presented to the Public Utilities Board as part of its rate application for 2024-25 fiscal year, warned it must start spending the additional funds for “the
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