Quebec has profited 28 billion dollars from Churchill falls between 1971 and 2016. They built the dam for 1 billion dollars, taking on all the risk. Quebec has

Quebec has profited 28 billion dollars from Churchill falls between 1971 and 2016. They built the dam for 1 billion dollars, taking on all the risk. Quebec has great talent in electrical engineering and building hydro electric power plants. Quebec companies bring their expertise and develop hydro power plants across Canada and around the world for customers who don’t know how to do it themselves, sometimes in exchange for part ownership of the project. The power transmission had to go through quebec, any other option was uneconomic as they are now finding out with the muskrat falls. $45/MWH for renewable dispatchable power is cheap. $3/MWH is pratically free but Quebec also has financing costs for the project on top of that to pay. Plus the risk. I don’t think Newfoundland got taken advantage of here, this is a deal that works out well for both sides. Nobody makes a deal they don’t like - if they had a better option they would have done that.