WINNIPEG – The PC party will be keeping one of its election promises about Manitoba Hydro after all.
On Tuesday, Finance Minister Cameron Friesen said the Public Utilities Board (PUB) will have the power to audit Hydro’s spending plans and finances.
Premier Brian Pallister had promised during his campaign to allow the independent board to review projects like Bipole III.
He later said he wanted the crown corporation’s board doing its own reviews but the province decided to go with the original plan.
According to Friesen, this will give the PUB the power to review the financial health of the utility.
It also gives them the authority to review the costs of repairs and special projects – Bipole III included – and how they affect rates.
The PUB will have the right to withold what the province called commercially sensitive information.
The independent tribunal has struggled to monitor Hydro in the past due to a lack of information.
Now, they’ll have acces to all of Hydro’s finances.
Bipole III in particular has been controversial for Manitobans as it has gone billions of dollars over budget.