Quebec and Newfoundland and Labrador reach energy agreement
The non-binding plan would add 14 gigawatts of new hydro and wind capacity and give Newfoundland and Labrador up to 985 megawatts for export.
- On Monday, Aug. 17, 2026, Canadian Prime Minister Mark Carney joined Newfoundland and Labrador Premier Tony Wakeham and Quebec Premier Christine Fréchette in St. John's to unveil a tentative energy agreement launching over $50 billion in hydro, wind, and transmission projects.
- This framework replaces the 1969 Churchill Falls contract, long viewed as a historical grievance due to ultra-low pricing; after being elected in 2025, Premier Wakeham rejected the 2024 memorandum of understanding to secure better terms.
- The agreement projects a $49 billion net present value for Newfoundland and Labrador, supported by $10 billion in federal financing, including developing the 2,700-megawatt Gull Island station and upgrading the 5,428-megawatt Churchill Falls plant to create 23,000 jobs.
- Premier Wakeham cancelled his promised public referendum, opting instead for a special House of Assembly sitting beginning September 14 to scrutinize the deal before year-end finalization with Quebec.
- With a Quebec provincial election set for October 5, uncertainty remains regarding the deal's finalization, though Parti Québécois leader Paul St-Pierre Plamondon wrote that if the agreement proves positive for Quebec, his government would maintain it.
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Ottawa Announces $10 Billion for Churchill Falls Agreement Alongside Newfoundland, Quebec
The federal government will be providing $10 billion in funding for a new agreement on Churchill Falls and other electricity projects in Labrador. The agreement, which the Liberal government said is the largest clean energy investment in North American history, would upgrade the Churchill Falls generating station, develop the Gull Island hydroelectric project, implement a 2,000-megawatt onshore wind energy project in Labrador, and build transmis…
Historic deal signed for Churchill Falls and Gull Island - NTV: Newfoundland and Labrador's Most Trusted News Source
A new deal has been signed to develop Churchill Falls and Gull Island. The historic agreement between the province, Quebec, and the federal government was signed in St. John’s this afternoon. NTV Legislative Reporter Ben Cleary reports. The post Historic deal signed for Churchill Falls and Gull Island appeared first on NTV: Newfoundland and Labrador's Most Trusted News Source.
North America's 'largest-ever clean energy deal' signed by Newfoundland and Quebec
The $50 billion-plus hydro and wind power plan in Churchill Falls, compared by Prime Minister Mark Carney to 1970s’ James Bay hydroelectric megaproject, aims to put to rest long-running dispute over electricity supply deal between the two provinces.
A new version of the agreement has been announced. Will it be the right one? "The Duty" takes stock.
TVA Nouvelles
Le Journal de MontrealThe project is much larger, but will also cost much more.
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