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Proposed hydro megadeal with Quebec not good enough, says Newfoundland reviewers
The panel said the draft deal would leave the province short on power and could hinder mining and long-term growth.
- On Tuesday, the Newfoundland and Labrador government released an independent review concluding that a proposed Churchill Falls energy deal with Hydro-Québec is not in the province's best interests.
- The previous Liberal government unveiled the MOU in late 2024, aiming to replace the 1969 contract for Churchill Falls power with new rates for the 5,428-megawatt generating station.
- If the utilities proceeded, Hydro-Québec would be entitled to roughly 80 per cent of the 9,000 megawatts of power from the river, with the panel concerned about transmission limitations.
- Premier Tony Wakeham and Energy Minister Lloyd Parrott will host a news conference Tuesday at Confederation Building to discuss the findings, with $8 million set aside for a referendum.
- Despite the negative review, the report's executive summary suggests the government could make significant decisions allowing Labrador Hydro to pursue a revised agreement with Hydro-Québec to serve the public interest.
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21 Articles
21 Articles
Panel concludes Quebec energy deal not in Newfoundland and Labrador’s best interests
ST. JOHN'S - Newfoundland and Labrador Premier Tony Wakeham has invited Quebec back to the bargaining table, after a panel concluded a framework energy agreement with Hydro-Québec was not in
·Toronto, Canada
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The historic agreement-in-principle between Quebec and Newfoundland and Labrador for the renewal of the Churchill Falls contract has significant benefits for Newfoundland, but needs to be improved, concludes the committee appointed by the Newfoundland government.
·Montreal, Canada
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Coverage Details
Total News Sources21
Leaning Left10Leaning Right2Center6Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 33%
11%
Factuality
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