Hydro-Québec’s statement on the next steps in negotiations on energy development in Labrador

Montréal -Hydro-Québec welcomes the appointment of a negotiating team and the Government of Newfoundland and Labrador’s desire to resume discussions.

Hydro-Québec believes it is possible to reach a final agreement that will enable the creation of sustainable value.

That said, any final agreement must reflect balanced terms and deliver clear benefits to Hydro-Québec’s customers. In this respect, no agreement will be reached on terms that are less favourable than those initially agreed upon.