Overview
- After decades under a 1969 contract that heavily favored Quebec, the draft agreement would increase payments for power from the Churchill Falls plant and launch joint hydro projects along the river.
- Hydro-Québec CEO Michael Sabia framed the renegotiation as a demonstration of Canadian energy independence in the face of perceived U.S. pressure under President Trump.
- Newfoundland and Labrador Hydro president Jennifer Williams said rigorous planning alongside swift execution are compatible in moving the proposed projects forward.
- Officials plan to begin topographic surveys alongside soil studies in Labrador this summer to support feasibility assessments.
- Negotiators hope to finalize the new energy deal in 2026, securing increased revenue for Newfoundland and Labrador and long-term supply for Quebec.