Newfoundland & Labrador

Newfoundland and Labrador Opinion

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LETTER: Quebec the principal beneficiary in new MOU between Hydro Quebec and NL Hydro

The new agreement (DCIA) for Churchill River power shows clearly the enormous benefits that will be realized by Quebec at the expense of Newfoundland and Labrador.

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Consider the following points.

1. A 51-year contract for the existing plant

2. All energy from the plant that is not allotted to NL Hydro

3. Purchases at fixed cost for the term (escalation might be applied to other developments)

4. Discounted purchase price for energy from existing plant of 1.82 cents per kilowatt-hour

5. The Upper Churchill water lease frozen for the term

6. Control over CF(L)Co’s access to an export market

7. All energy........

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