New Churchill Falls deal to be announced next week: sources
La Presse says the provinces reached a new power-sharing pact that could revive the Atlantic Loop and unlock more energy from Labrador.
- On Wednesday, Montreal outlet La Presse reported that Quebec, Newfoundland, and Labrador reached a new agreement regarding Churchill Falls, with a formal announcement expected next week.
- Provinces have been negotiating to share electricity from Churchill Falls and develop new projects along the Churchill River, building upon a Memorandum of Understanding signed in December 2024.
- Canada offered the 15 per cent Clean Electricity Investment Tax Credit as part of a "facilitating role," while increased production capacity at new Labrador facilities enabled the updated agreement.
- The agreement revives the Atlantic Loop project, connecting Atlantic provinces to the Quebec grid; Opposition parties in Newfoundland, Labrador, and Quebec are demanding transparency after learning details from media.
- Progressive Conservative Premier Tony Wakeham's office cautioned that nobody has signed final agreements, though a spokesperson confirmed significant progress in negotiations with Quebec and Canada.
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Several politicians consider it inappropriate to sign such an agreement in a pre-electoral context.
Scant details about reported Quebec, N.L. energy deal leave parties demanding clarity
Opposition parties in Quebec and Newfoundland and Labrador were demanding answers Thursday after Montreal media outlet La Presse reported the provinces had struck an energy deal.
Scant details about reported Quebec-N.L. energy deal leave parties demanding clarity
The governments have been negotiating a deal to share energy from the Churchill River in Labrador, and La Presse said Wednesday that they had reached an agreement. However, there were few details from government officials in either province as of Thursday morning, though both sides said negotiators had made recent progress.
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