Manitoba Hydro’s request for a 7.9 per cent increase starting Aug. 1 has been denied by the the Public Utilities Board (PUB).
In a news release late Monday afternoon, the PUB made the announcement and approved a 3.36 per cent interim increase effective Tuesday.
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The provincial regulator said it was concerned with the impact the 7.9 per cent increase would have had on Hydro’s customers and the financial health of the utility.
RELATED: Manitoba Hydro proposes 7.9 per cent increase
If approved the average customer would have seen their annual bill climb approximately $82. Anyone with electric heat would have seen another $160 added to their annual bill.
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