A new energy agreement between Quebec and Newfoundland and Labrador has faced calls for an independent review from the province's opposition party. The deal, which would see Hydro-Québec invest billions in the Churchill Falls Generating Station, is meant to secure Quebec's energy needs for the next 50 years. However, the Progressive Conservatives argue that the agreement requires scrutiny similar to that given to the Muskrat Falls project, which was plagued by delays and cost overruns.
A major new energy agreement has been tentatively reached between Quebec and Newfoundland and Labrador. Hydro-Québec is investing more than $33 billion over 50 years in the Churchill Falls Generating Station. The new deal is meant to secure Quebec's energy needs for the next 50 years. Newfoundland and Labrador’s Opposition Progressive Conservatives asked the premier today to suspend a vote on a draft energy deal with Quebec’s hydro utility until it is reviewed by independent experts.
Party leader Tony Wakeham made the demand in the provincial legislature during Day 3 of a four-day debate about the memorandum of understanding unveiled last month between both provinces’ public utility companies. Wakeham says an independent review would fulfil recommendations from a public inquiry into the disastrous Muskrat Falls hydroelectric project in Labrador, which was completed in 2023 after years of delay and billions of dollars in cost overruns.In response, Liberal House Leader John Hogan said any projects in the agreement that would affect ratepayers would be reviewed by the province’s utility board — a step that didn’t happen for Muskrat Falls. Premier Andrew Furey has also promised to assemble an independent expert panel to provide advice as Newfoundland and Labrador Hydro negotiates with Hydro-Québec on a final version of the agreement, expected in 2026. Politicians are set to vote Thursday night on the early draft of the deal, which would see Hydro-Québec pay far more than it currently does for electricity from the Churchill Falls plant and develop more hydroelectric projects with Newfoundland and Labrador Hydro
ENERGY NEGOTIATION HYDROELECTRIC INVESTMENT NEWFOUNDLAND AND LABRADOR
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