It was another year in the red for Manitoba Hydro.

The crown corporation is reporting a consolidated net loss of $63 million for 2024-25, due to drought. This compares to a consolidated net loss of $157 million the previous fiscal year.

"This is the second low water year in a row and third Manitoba Hydro has experienced in four years," says President and Chief Executive Officer Allan Danroth. "While the financial impacts of the drought weren't as severe as they were last year, these low water conditions once again led to less energy being available to sell in wholesale markets. They also meant we needed import power to meet customer requirements in Manitoba more than usual."

According to Manitoba Hydro, the net loss for last year was comprised of $49 million in the electric segment, a l

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