Hydro-Québec reports record quarter, rejects power shortfall fears of U.S. export customers

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Hydro-Québec reports record quarter, rejects power shortfall fears of U.S. export customers
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Hydro\u002DQuébec dismissed the fears of its U.S. export customers that it doesn\u0027t have enough power to fulfill its obligations. Read on.

Prices in the electricity market fell due to warmer temperatures in the first three months of 2023, but the utility was able to mitigate the impact by hedging. “Our risk management strategy helped offset this setback, thereby contributing to record-breaking quarterly net income,” Lafleur said.

The Maine legislators this week called on Massachusetts Governor Maura Healey to review the state’s choice of Hydro-Québec as the supplier for a regional clean power contract — and join with Mainers in rejecting it. “Such a review is necessary because Hydro-Québec will soon be entering an extended period of projected electricity constraints,” the legislatorsThis advertisement has not loaded yet, but your article continues below.

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