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Quebec and Newfoundland and Labrador expected to sign Churchill Falls energy deal

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  Print publication without navigation Published in Business and Finance on , Last Modified on 2026-04-17 15:30:18 by CTV News

Quebec Premier François Legault and Newfoundland and Labrador Premier Andrew Furey are scheduled to announce an energy agreement Thursday that could end decades of friction between the two provinces.

The article from CTV News discusses an anticipated energy deal between Quebec and Newfoundland and Labrador concerning the Churchill Falls hydroelectric project. This deal, expected to be signed soon, involves renegotiating the terms of the 1969 agreement which has been highly favorable to Quebec, allowing it to purchase electricity at a very low rate. The new agreement aims to address the long-standing grievances of Newfoundland and Labrador, which has been receiving significantly less revenue from the project than anticipated. The negotiations have been complex, involving discussions on profit sharing, rates, and the duration of the new contract. This deal is seen as a step towards a more equitable distribution of benefits from one of Canada's largest hydroelectric facilities, potentially setting a precedent for future energy agreements between provinces.

Read the Full CTV News Article at:
https://www.ctvnews.ca/canada/quebec-and-newfoundland-and-labrador-expected-to-sign-churchill-falls-energy-deal-1.7141547


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