MBiz | December 2017

Left: The Keewatinohk Converter Station —- northern terminus for the Bipole III transmission line — moves towards completion. Middle: Construction continues on the spillway for the Keeyask Generating Station in northern Manitoba. Right: The Keeyask Generating Station under construction in northern Manitoba.

forward. Rates must play a critical role in our plan. This was not a simple decision. We know and understand the impacts rate increases will have across Manitoba. But if we don’t take these steps now, we leave our customers vulnerable to significant unplanned rate increases in the future. It is natural for our customers to ask questions and want to see evidence when

faced with this challenge. That is why we look forward to the PUB process. Through the PUB, Manitobans will be able to see our case presented in the greatest detail. It is a process important to all Manitobans. We respect this process, and are prepared for the scrutiny it will bring. As Board members, we understand this is an issue that arouses passions. We are Manitobans who want to build a strong

province for our children and grandchildren. We also have a deep knowledge of the challenges that face enterprises with large financial profiles like Manitoba Hydro. That’s why we feel so strongly about this issue. As the stewards of Manitoba Hydro, we understand our responsibility to restore Manitoba Hydro’s financial strength and protect our customers and Manitoba taxpayers for future generations. ■

H. SANFORD RILEY Chair, Manitoba Hydro Electric Board President & CEO, Richardson Financial Group JENNEFER NEPINAK Manitoba Hydro

STEVE KROFT Vice-Chair, Manitoba Hydro Electric Board

DAVID BROWN Manitoba Hydro Electric Board President & CEO, Richardson Capital ALLEN SNYDER Manitoba Hydro Electric Board President, AM Snyder Associates

EARL EDMONDSON Manitoba Hydro Electric Board President, Edmondson Housing Limited DAYNA SPIRING Manitoba Hydro Electric Board President & CEO, Economic Development Winnipeg

CLIFF GRAYDON Manitoba Hydro Electric Board MLA, Emerson

President & CEO, Conviron Group of Companies MICHAEL PYLE Manitoba Hydro Electric Board CEO, Exchange Income Group

DR. ANNETTE TRIMBEE Manitoba Hydro Electric Board President, University of Winnipeg

Electric Board Senior Advisor,

Canadian Museum for Human Rights

december 2017

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