The Manitoba Hydro-Electric Board 50. annual report

This document presents the financial statements for The Manitoba Hydro-Electric Board (Manitoba Hydro) for the fiscal year ended March 31, 2001. Manitoba Hydro was proud to report no electricity rate increase for the period 2000-2001, a feat realized for the fifth consecutive year for most customer groups. Financial and production highlights were first presented, followed by the vision mission and goals of Manitoba Hydro. Manitoba Hydro serves 403 000 customers in the province with electric energy, and 248 000 customers with natural gas service mainly in the south of the province. Electricity export sale agreements are in place with more than 35 utilities and marketers in the United States, Ontario and Saskatchewan. Self-renewing waterpower is used to generate the bulk of the electricity. The transmission and distribution lines stretch over 100 000 kilometres. Manitoba Hydro is the fourth largest energy utility in Canada based on capital assets. A review of the year was presented, as well as a brief historical overview of Manitoba Hydro. The financial review section discussed the management report, the Auditor's report. Included in this section were various statement sheets, namely the consolidated statement of income and retained earnings, consolidated balance sheet, consolidated statement of cash flows, followed by some notes to the consolidated financial statements. Consolidated financial statistics and operating statistics - 10-year overview were presented. A brief presentation of the Board members and senior officers ended this report. tabs. figs