Montréal, June 8, 2016
Hydro-Québec’s Strategic Plan 2016-2020 : big ambitions for our customers and all of Québec
Hydro-Québec proudly presents its Strategic Plan 2016-2020: Setting new sights with our clean energy. This plan places customers at the heart of Hydro-Québec’s priorities and sets new growth avenues for the company through the acquisition of assets or stakes outside Québec. Hydro-Québec is also announcing a move to attract data centres to Québec.
“Thanks to our clean and renewable electricity and our know-how, we can set ambitious sights for the future, both for our customers and for Québec as a whole,” said Éric Martel, President and Chief Executive Officer of Hydro-Québec. “We want to increase customer satisfaction and remain a powerful force for economic development by investing $18.1 billion in Québec by 2020. The Strategic Plan also reiterates our role as a key player in the transition to a low-carbon economy. Our vision: working better, setting new sights, building tomorrow. ”
The Strategic Plan 2016-2020 centres on four major objectives:
• Lay the groundwork to double our revenue over the next 15 years so as to increase profits
• Be a benchmark in customer service
• Contribute to Québec’s economic development and energy transition
• Keep rate increases lower than or equal to inflation
By building on these four objectives, Hydro-Québec plans to:
• Achieve an overall public satisfaction rating above 90%
• Install 2,500 charging stations for electric vehicles by 2020
• Contribute to the Northern Plan with investments of nearly $4.3 billion, in part by adding 1,140 MW of capacity to our facilities
• Generate revenue of $27 billion by 2030
• Reach net income of $3.2 billion in 2020 and $5.2 billion in 2030
• Increase net income by $300 million through new exports
As a recognized leader in hydropower and large transmission systems, we deliver reliable electric power and high-quality services. With 99.8% of our output generated from water, our electricity exports are essential to reducing greenhouse gas emissions. We also commercialize our expertise and innovations on world markets.
In 2015, we paid the Québec government a dividend of $2,360 million, all while keeping our residential rates the lowest in North America.
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