globeandmail.com: Quebec signs historic power deal

Apr. 2nd, 2009 05:40 pm
dracodraconis: (Default)
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globeandmail.com: Quebec signs historic power deal

Newfoundland and Labrador have signed a five-year deal with Québec in which NL leases Québec's lines for $20-million/year to transport approximately 130 kilowatts megawatts from Upper Churchill to a brokerage firm in the US. Previously, NL had to sell power to Québec who then resold the power to the US for a substantial profit.
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