This is the best summary I could come up with:
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 foreseeable future to sustain an ever-growing and continuously degrading asset base."
"The generation, transmission and distribution system have all reached an age where overall condition has begun to degrade, and declining performance is apparent through common industry metrics," Manitoba Hydro warns in the report.
"The impacts of the failures are growing due to factors that include obsolescence, leading to decreased availability of both spare parts and equipment knowledge and loss of system resilience."
The increased tab for replacing and overhauling existing infrastructure comes in addition to a pending need for Manitoba Hydro to spend billions more on new generating capacity — expected to be wind farms — as well as new transmission lines.
Even though more attention has been placed on Manitoba Hydro's need to generate more capacity, the growing infrastructure deficit remains the same problem for the Crown corporation today as it was when the asset management report was authored in 2022, Powell said Wednesday in a statement.
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