Minnesota Signs Deal With Manitoba Hydro

WINNIPEG -- - The Minnesota Public Utilities Commission has unanimously approved a $1.7 billion power export deal with Manitoba Hydro.

It allows Minneapolis-based Xcel Energy to import power from Manitoba Hydro, despite the objections of aboriginal groups.

The 500-megawatt, 10-year deal was given the go-ahead.

It's an extension of an existing deal and will allow power to be exported until 2015.

Approval by Canada's National Energy Board is pending.

The Minnesota decision is a blow to the Pimicikamak Cree Nation of Cross Lake, Manitoba. They had asked the commission to first call a formal hearing into the social and economic impact of historic hydro development on their homeland.

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IEA sees first demand drop since 2009 as COVID-19 curbs travel, weakening transport fuels and unsettling energy markets.

✅ IEA base case: 2020 demand at 99.9 mb/d, down 90 kb/d from 2019.

✅ Travel restrictions hit transport fuels; China drives the decline.

✅ Scenarios: low -730 kb/d; high +480 kb/d in 2020.

 

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