Manitoba Hydro-Electric · Winnipeg, MB Canada
Company Description
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This link will open in a new window For this company, water and electricity are a productive mix. Manitoba Hydro-Electric (commonly called Manitoba Hydro) provides electricity to 521,600 customers in the province of Manitoba. Its power is generated from hydroelectric facilities capable of producing more than 35.3 billion kilowatt-hours of electricity per year. Manitoba Hydro, which is owned by the government of Manitoba, also exports power to utilities and energy marketers in the US and other Canadian provinces. Through its Centra Gas subsidiary, the company distributes natural gas to 261,160 residential, commercial, and industrial customers in 100 communities in Manitoba. To read the full description, subscribe now.
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Key Manitoba Hydro-Electric Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | March |
| Annual Sales (mil.) | $2,364.0 |
| Employees | 5,567 |
Manitoba Hydro-Electric Executives
38 executives listed for Manitoba Hydro-Electric's Winnipeg, MB location.
| Title | Name & Bio | Contact |
| Chairman | Victor Schroeder | Network |
| President and CEO | Robert Brennan | Network |
| SVP Finance and Administration and CFO | Vince Warden | Network |
Competition
Competitive Landscape for Manitoba Hydro-Electric
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Manitoba Hydro-Electric Competitors
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