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Newfoundland & Labrador aren't fans of Quebec Power: https://www.ctvnews.ca/canada/top-court-upholds-hydro-quebec-deal-to-buy-cheap-energy-from-newfoundland-and
by ojbyrne 6y ago
Newfoundland & Labrador aren't fans of Quebec Power:
https://www.ctvnews.ca/canada/top-court-upholds-hydro-quebec-deal-to-buy-cheap-energy-from-newfoundland-and-labrador-1.4160452 https://www.ctvnews.ca/canada/top-court-upholds-hydro-quebec...
- Voloskaya 6y agoThey were very fan of it when electricity prices were low and someone had to pay the enormous costs (~6.5B$ 2020 dollars) of construction with no guarantee of benefits: "At the time BRINCO was praised for having built the station with no public money from Newfoundland, while Hydro-Québec assumed nearly all the financial risk. It is unlikely that BRINCO would have found other investors willing to take on that risk.[11] In 1981 it made a good return on the investment at almost no risk.[6]" https://en.wikipedia.org/wiki/Churchill_Falls_Generating_Station#Finance https://en.wikipedia.org/wiki/Churchill_Falls_Generating_Sta...