Hydro-Quebec

Hydro-Québec records net profit of $1.8 billion in H1 2024, down from 2023

Hydro-Québec posted net income of $1,845 million for the first six months of 2024, down from $2,687 million for the same period in 2023, when average prices obtained on export markets reached unprecedented levels. “These results are in line with what was expected, given our strategy of prudent energy inventory management required due to the low water cycle. This resulted

Hydro-Québec rate increase request includes overconsumption charge

Crown provincial utility Hydro-Québec is submitting its rate application to the Régie de l’énergie for increases applicable as of April 1, 2025, and this proposal includes an overconsumption charge for households. Rate increases proposed are 3% for residential customers, 3.9% for commercial customers and 3.3% for large industrial customers. These increases are the result of inflationary pressure in recent years

Hydro-Québec reports ‘softest first quarter in 10 years’

Hydro-Québec has posted net profit of $1,576 million for the first three months of 2024, down $655 million compared to the same quarter last year due to the reduction in exports and mild temperatures of winter 2024. “The results for the first quarter of 2024 are in line with our projections and are a continuation of the context of low

Hydro-Québec’s Action Plan 2035 calls for up to 4.2 GW of hydropower and pumped storage

Hydro-Québec recently released its Action Plan 2035 – Towards a Decarbonized and Prosperous Québec, which will make it possible to reduce greenhouse gases, meet expected growth in electricity demand and offer customers reliable, simple and affordable service. “Climate change is intensifying and we must take action. Québec’s clean electricity will be the driving force of the energy transition, which will

Hydro-Québec officially completes 1.55 GW Romaine hydroelectric complex

Hydro-Québec has officially inaugurated the 1.55 GW Romaine hydroelectric complex on the Romaine River in Quebec, Canada, with all four generating stations now commissioned. Construction of the Romaine complex stretched from 2009 to 2023, with a total cost of $7.4 billion, or 14% less than the initial estimate. The complex has annual energy output of 8 TWh. Construction of the

NMG confirms hydropower supply for mine and battery material plant

Nouveau Monde Graphite Inc. (NMG) has obtained confirmation from Hydro-Québec for 77 MW of hydropower for its Phase-2 Matawinie Mine and Bécancour Battery Material Plant. NMG said it is “leveraging Québec’s power grid, one of the greenest in the world, as the bedrock of its electrification strategy.” NMG has an objective of reaching Net Zero by 2030. The company said

Hydro-Québec expands two management positions to achieve strategic objectives

Canadian provincial utility Hydro-Québec announced that two of its managers will take on broader mandates because the utility is facing historic challenges as …

Hydro-Québec earns Hydropower Sustainability Standard certification for Eastmain-1

Hydro-Québec in Canada has become the first member of the International Hydropower Association to earn certification for a hydroelectric project against the Hy…

Hydro-Québec reports net income of $2.7 billion in the first half of 2023

Canadian provincial utility Hydro-Québec reported net income of $2,687 million for the first half of 2023, which is down $55 million from the historic high of …

Sabia named president and chief executive officer of Hydro-Québec

The government of Quebec has appointed Michael Sabia as president and chief executive officer of Hydro-Quebec. He will take office on Aug. 1, 2023. Sabia will a…

Despars named interim president and CEO of Hydro-Québec

Quebec’s Council of Ministers, on the recommendation of Hydro-Québec’s Board of Directors, has appointed Pierre Despars as interim president and chief …

Filion second executive to depart Hydro-Québec

Éric Filion — executive vice president, chief operating officer and customer experience officer — is leaving Hydro-Québec on Feb. 17 “to begin a…

Brochu stepping down as president and CEO of Hydro-Québec

Hydro-Québec’s President and Chief Executive Officer, Sophie Brochu, announced to the president of the board of directors that she will end her term on A…

Hydro-Quebec reports delay of its Chelsea hydro station rehab project

Hydro-Québec said that the refurbishment work at its 153 MW Chelsea generating station will continue into 2023, as the contractor hired to carry out the work w…

Transmission line to bring hydropower to NYC advances as contracts are signed

A transmission line to deliver hydroelectric power took a step forward as Champlain Hudson Power Express finalized contracts with three companies to oversee maj…

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