The PUB’s July 2001 Order regarding Manitoba Hydro’s proposed rate increase has received quite a bit of media coverage. Pundits have used it to suggest that the government is mismanaging Manitoba Hydro, but their arguments are not defensible, especially in the light of the PUB’s weak analysis regarding Hydro’s export plans and the need to make our own energy supply more secure.
This Fast Facts by Errol Black and Lynne Fernandez explains: 1. why the Order’s recommendations should not be adopted, and 2. how, by cherry picking certain details and ignoring important background information, some pundits have misrepresented both the spirit and context of the Order, allowing them to arrive at inaccurate and sensationalist conclusions.
I agree with you. The lack of vision states that the management will lack initiative and the necessary leadership to cope with the tough times.