Hydro-Québec pays record dividend after racking up the most revenue in its history

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Hydro-Québec pays record dividend after racking up the most revenue in its history
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Hydro\u002DQuébec paid $3.4 billion to the Quebec government after the best performance in its history in 2022. Read more

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The utility reported a profit of $4.6 billion in 2022, up from $3.6 billion in 2021, in spite of extreme weather that damaged its infrastructure. A windstorm in May, and a winter storm in December, resulted in half a million clients losing power and cost the company $126 million to re-establish service, the utility said in a press release on Feb. 22.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

“The year that just ended was remarkable in more than one respect,” Jean-Hugues Lafleur, chief financial officer, said in the press release.Article content

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