Quebec and Newfoundland Reach Tentative Agreement on Churchill Falls Hydroelectric Project

The long-disputed deal, which heavily favored Quebec, may soon be replaced following decades of negotiations and legal challenges.

Premiers Andrew Furey of Newfoundland and Labrador and François Legault of Quebec are set to announce a new agreement on Thursday regarding the Churchill Falls hydroelectric project.
The original 1969 contract allowed Hydro-Québec to earn $28 billion in profits while Newfoundland and Labrador received only $2 billion, leading to decades of disputes and resentment.
Details of the new agreement remain undisclosed, but it is reportedly seen as a better deal for Newfoundland and Labrador, whose leaders have long sought more equitable terms.
The announcement comes as election speculation grows in both provinces, with analysts suggesting the deal could influence public opinion ahead of potential early elections.
The Innu Nation, whose traditional lands were impacted by the hydroelectric project, has raised concerns about being excluded from negotiations and is pursuing legal action over environmental damages.