COVID-19 pandemic has cost Manitoba Hydro about $26 million in revenue so far while the public utility grapples with a substantial drop in exports and domestic commercial usage.Hydro CEO Jay Grewal revealed the latest numbers at a Crown corporation committee meeting Thursday — the first look inside the utility in two years, and the first with Grewal at the top position.
She told members non-domestic exports have dropped by $9 million, largely due to a drop in demand caused by the pandemic, but also from lower power generation, while revenue on the domestic front is down $17 million.Most of the domestic drop comes with decreased demand from the commercial and industrial sectors, but with many people spending more time at home, residential.