The Manitoba Hydro Act governs Manitoba Hydro. The purpose of the Manitoba Hydro Act was to provide for efficient, economical supply of electric power for the needs of the province. The first version of the act was effective March 31, 1961 and it has been revised since that date. Notably, the Act now carries a provision prohibiting privatization of Manitoba Hydro without a public referendum.
Since 1970, a Minister responsible for the Manitoba Hydro Act has sat on Executive Council of Manitoba. This position is not a full departmental portfolio in the Manitoba executive council, and it is generally held by ministers who also hold other cabinet responsibilities. The current minister, Gregory Selinger, is also the Minister of Finance.
| Edward Schreyer | (NDP) | September 8, 1970-January 28, 1974 |
| Donald Craik | (PC) | October 24, 1977-January 16, 1981 |
| Wilson Parasiuk | (NDP) | November 30, 1981-May 20, 1986 |
| Victor Schroeder | (NDP) | May 20, 1986-October 29, 1986 |
| Wilson Parasiuk | (NDP) | October 29, 1986-September 21, 1987 |
| Jerry Storie | (NDP) | September 21, 1987-May 9, 1988 |
| Harold Neufeld | (PC) | May 9, 1988-January 14, 1992 |
| Donald Orchard | (PC) | September 10, 1993-March 20, 1995 |
| David Newman | (PC) | January 6, 1997-October 5, 1999 |
| Gregory Selinger | (NDP) | October 5, 1999-September 25, 2002 |
| Tim Sale | (NDP) | September 25, 2002-October 12, 2004 |
| Dave Chomiak | (NDP) | October 12, 2004-September 21, 2006 |
| Gregory Selinger | (NDP) | September 21, 2006- |
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“Every act of the man inscribes itself in the memories of his fellows, and in his own manners and face. The air is full of sounds; the sky, of tokens; the ground is all memoranda and signatures; and every object covered over with hints, which speak to the intelligent.”
—Ralph Waldo Emerson (1803–1882)