Quebec Premier François Legault and Newfoundland and Labrador Premier Andrew Furey are scheduled to announce an energy agreement Thursday that could end decades of friction between the two provinces.
Quebec Premier Francois Legault and Newfoundland and Labrador Premier Andrew Furey appear for a news conference in 2023. Quebec Premier François Legault and Newfoundland and Labrador Premier Andrew Furey are scheduled to announce an energy agreement Thursday that could end decades of friction between the two provinces.
Under the 1969 contract, Quebec assumed most of the financial risk of building the Churchill Falls dam in exchange for the right to buy power at a fixed price. The existing agreement allows provincially owned Hydro-Québec to purchase 85 per cent of the electricity generated at the station for 0.2 cents per kilowatt hour — a price Furey has described as “essentially free.”
Quebec gets about 15 per cent of its energy from the Churchill Falls plant. Hydro-Québec will maintain its 34.2 per cent share of Churchill Falls Corp., the entity that operates the generating station and transmission equipment, when the contract expires. The rest is owned by Newfoundland and Labrador Hydro, the province's Crown energy corporation.
The long-awaited deal comes as Furey heads into an election year: the province must go to the polls in 2025. The next general election in Quebec is slated for October 2026.The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.
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Quebec and Newfoundland and Labrador ready to sign Churchill Falls energy dealQUÉBEC — The premiers of Quebec and Newfoundland and Labrador are ready to sign an energy agreement, ending a long-running dispute over the Churchill Falls hydroelectric plant in Labrador.
Read more »
Quebec and Newfoundland and Labrador ready to sign Churchill Falls energy dealThe premiers of Quebec and Newfoundland and Labrador are ready to sign an energy agreement, ending a long-running dispute over the Churchill Falls hydroelectric plant in Labrador.
Read more »
Quebec and Newfoundland and Labrador ready to sign Churchill Falls energy dealQUÉBEC — The premiers of Quebec and Newfoundland and Labrador are ready to sign an energy agreement, ending a long-running dispute over the Churchill Falls hydroelectric plant in Labrador.
Read more »
Quebec and Newfoundland and Labrador ready to sign Churchill Falls energy dealQUÉBEC — The premiers of Quebec and Newfoundland and Labrador are ready to sign an energy agreement, ending a long-running dispute over the Churchill Falls hydroelectric plant in Labrador.
Read more »
Quebec and Newfoundland and Labrador expected to sign Churchill Falls energy dealST. JOHN'S, Que. — Quebec Premier François Legault and Newfoundland and Labrador Premier Andrew Furey are scheduled to announce an energy agreement Thursday that could end decades of friction between the two provinces.
Read more »
Quebec and Newfoundland and Labrador ready to sign Churchill Falls energy dealThe premiers of Quebec and Newfoundland and Labrador are ready to sign an energy agreement, ending a long-running dispute over the Churchill Falls hydroelectric plant in Labrador.
Read more »