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):
Oar you ready? Viking longboat entries open!
Think you can row like a Viking?
Small dip in newest bus route numbers over winter
The Department of Infrastructure says the number of passengers using its newest bus service dipped by seven per cent over winter.
Tynwald to consider election law changes
Tynwald members will be asked to approve new rules for election candidates, as this year's general election grows ever-closer.
Commissioners urge "well-meaning" volunteers to stop working on its land
Stop working on our land!
Government recruiting civil servant to help new ministers after election
The Cabinet Office says it's looking for someone to help the new government settle in from September.
Minister denies Crossag Farm development "going backwards"
Plans for a new housing estate won't be released by the Department of Infrastructure because the project's still in its early stages.
Nobody hurt in Ballabeg incident, say firefighters
Fire crews were called to the rescue of a motorist after a crash in the south of the Island yesterday.
Children's hospital pyjama collections set up in south
An organisation which collects pyjamas for poorly, disadvantaged children in hospital has set up on the Isle of Man.
