Newfoundland finally has a strong hand to play as it seeks a new deal on Churchill Falls contract with Quebec
Newfoundland and Labrador Premier Andrew Furey needs no reminding that every one of his predecessors, from the mid-1970s onward, tried and failed to get a better deal on the 1969 Churchill Falls hydroelectricity contract that has produced gargantuan profits for Quebec and only tears of bitterness for the citizens of his province.
The Quebec Premier last month said he is considering building “four or five” new hydro projects in his province “to have a Plan B for Churchill Falls” and avoid being “obliged to accept whatever tariff” Mr. Furey might propose. In a submission last week to Quebec’s National Assembly, Hydro-Québec revealed that it has received requests from industrial users for a total of 23,000 MW of power for future factories, smelters and hydrogen production facilities. Quebec Economy Minister Pierre Fitzgibbon later said the province is likely only to approve requests for between 8,000 MW and 10,000 MW by 2032.
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