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Manitoba Hydro aquired Winnipeg Hydro in 2002. It was not an actual purchase per se'. It was more of an agreement to make annual payments to the City of Winnipeg in perpetuity. I believe what got it all started was the fact that Manitoba Hydro Becameunwilling to continue sharing export revenues with Winnipeg Hydro. Thisresulted in the search for a more predictable revenue stream as described above. Here are the details of the deal as per the official offer: 1 - 5 : $25 million per annum 6 – 9 : $20 million per annum 10th : $16 million per annum (in perpetuity)

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Q: When did Manitoba Hydro buyout Winnipeg Hydro?
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