Panel concludes Quebec energy deal is not good enough for Newfoundland and Labrador
A panel in Newfoundland and Labrador has determined that a proposed energy deal with Hydro-Québec is not in the province's best interests. The report highlights concerns about insufficient power allocation, which could hinder economic growth in energy-intensive sectors. The findings may prompt renewed negotiations between the two provinces regarding the energy agreement.
- ▪The panel was tasked with evaluating whether the draft energy deal is in the best long-term interests of Newfoundland and Labrador.
- ▪The proposed agreement would allow Hydro-Québec to lead new developments on the Churchill River, but Newfoundland and Labrador would receive limited power.
- ▪Premier Tony Wakeham has called for a review of the deal since taking office, halting negotiations until the panel's report was released.
Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:Newfoundland and Labrador Premier, Tony Wakeham, speaks in St. John's, N.L., in March.Paul Daly/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountA panel appointed by the Newfoundland and Labrador government says a proposed energy deal with Hydro-Québec is not in the province’s best interests.In a report expected to be released Tuesday, the three-person panel outlines several concerns with the non-binding framework agreement to share power from Labrador, which was signed by the provinces’ hydroelectric utilities in 2024.In particular, the panel concludes the agreement does not provide Newfoundland and Labrador with enough power, which could limit energy-hungry sectors such as mining and hamper long-term economic…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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