Overview
- Quebec and Newfoundland and Labrador premiers met in St. John’s with Hydro-Québec and N.L. Hydro leaders to work on final terms of a sweeping energy partnership.
- Negotiators are discussing ending the existing Churchill Falls contract 16 years early, which now lets Hydro-Québec buy most power at very low prices.
- A reported draft outlines roughly $33.8 billion in payments over five decades for Churchill Falls power and collaboration on additional energy projects.
- Premier John Hogan warns a pause could end the partnership and casts the agreement as a defining issue in a provincial election expected this fall.
- Opposition Leader Tony Wakeham calls for a pause and independent review of the draft, and Hogan says the delegations also explored Labrador mining opportunities.