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Newfoundland and Labrador politicians expected to vote on Quebec energy proposal
The framework would end the old Churchill Falls contract 15 years early and unlock more than $50 billion in new energy infrastructure, officials said.
Politicians in Newfoundland and Labrador are expected to vote today on a 50-year agreement to share energy from Labrador with Hydro-Québec, seeking to resolve decades of tension over Churchill Falls power.
Under a contract expiring in 2041, Hydro-Québec buys more than 80 per cent of Churchill Falls power for 0.2 cents per kilowatt hour, an arrangement many residents have long viewed as an injustice requiring correction.
Premier Tony Wakeham opened the legislature this week for a four-day debate on the framework agreement, which includes proposals for more than $50 billion in infrastructure; Prime Minister Mark Carney called it the "largest clean energy investment in North American history."
Labrador member Keith Russell left the governing Progressive Conservatives to sit as an Independent, leaving the vote outcome razor-thin; the resolution could pass by a single vote if all Tories support the deal.
If the resolution passes, negotiators will continue hammering out final agreements, aiming to reach a conclusion by year's end, with about $10 billion in federal financing for transmission lines and a new power plant at Gull Island.