The chairman of the MEA believes the company's financial recovery is improving, albeit at a very slow rate.
The energy firm owes government more than £400million.
Many months of restructuring have seen losses finally come under control but authorities admit repaying the debt is still a mammoth task.
Earlier we spoke to chairman Howard Quayle who stressed that every cost-saving measure has been taken (audio):
Island could get New Year's Eve aurora
If you were hoping for fireworks on New Year's Eve, you may be in for an even better spectacle!
Government to remove gender-specific language in immigration laws
The government's planning to update its immigration laws by removing gender-specific references.
New landfill tax features in government waste strategy
The government says it's planning a possible landfill tax to encourage recycling.
Manx Care warns of busy week over New Year
Manx Care is reminding people to plan ahead this New Year as its services face high demand.
Last chance to take part in birdwatching race
There's still time to take part in a unique Island race this year - and you don't need to go further than your garden!
Minister to give update on Island's finances
Treasury Minister Alex Allinson will make a statement about the Island's finances in January.
Six Islanders recognised in King's New Year Honours
Six people from the Island have been recognised in the King's new year honours.
Three freed from crashed vehicle
Firefighters say they freed three people from a vehicle after a crash this afternoon.
