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Agreement between N.L. and Que. on Churchill Falls could be within reach, Radio-Canada reports


Published on 2024-12-10 19:21:10 - MSN
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  • After decades of disputes and years of negotiations, an agreement between Newfoundland and Labrador and Quebec to renew the contract for the Churchill Falls hydroelectric project could be within reach,

The article from MSN discusses a potential agreement between Newfoundland and Labrador (N.L.) and Quebec regarding the Churchill Falls hydroelectric project. According to Radio-Canada, negotiations have been ongoing, and there is optimism that a deal could be reached soon. The Churchill Falls contract, which has been a point of contention for decades, provides Quebec with electricity at a very low rate, leading to significant profits for Hydro-Québec while Newfoundland and Labrador receive much less. The current agreement is set to expire in 2041, but discussions are focused on renegotiating terms earlier to address the imbalance in benefits. The talks involve complex issues like energy pricing, profit sharing, and the future of energy supply in both provinces.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/agreement-between-n-l-and-que-on-churchill-falls-could-be-within-reach-radio-canada-reports/ar-AA1vD04G ]