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Newfoundland touts historic hydro deal with Quebec (Labrabor -> US hydroelectricity)

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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-03-09 10:11 AM
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Newfoundland touts historic hydro deal with Quebec (Labrabor -> US hydroelectricity)
http://www.theglobeandmail.com/servlet/story/RTGAM.2009...

QUEBEC CITY For the first time, Newfoundland and Labrador is selling electricity directly to the United States through Hydro Quebec transmission lines as part of a new arrangement with its neighbouring province.

The two provinces have overcome their differences and worked out the first such arrangement since the long-standing dispute over the Churchill Falls development in the 1960s, which has repeatedly poisoned their relations.

Newfoundland and Labrador Premier Danny Williams announced Thursday that the province obtained access to the U.S. market under a five-year arrangement where Hydro-Quebec will receive $20-million a year to transport approximately 130 kilowatts of electricity from the 1969 Upper Churchill power project.

This is truly a historic and momentous occasion for the people of our province, as never before have we been granted access through the province of Quebec with our own power, Mr. Williams said.

<more>
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-03-09 06:30 PM
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1. Good news.
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excess_3 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-03-09 09:27 PM
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2. 130 kilowatts, is that a mistake?
130 kilowatts, power for 130 houses.
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Dead_Parrot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-03-09 09:41 PM
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3. If it's not, I'm buying shares in Hydro-Quebec
Any company that can flog electricity at $17 per kWh has a bright future.

Sadly, I suspect them meant MW.
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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-04-09 10:03 AM
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4. Yes,I saw that too. It's prolly megawatts, not kilowatts...
n/t
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