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Newfoundland Secures $227 Billion Energy Deal, Critics Skeptical

1/16/2025

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Summary

Story summary

Newfoundland and Labrador Hydro and Hydro-Quebec have inked a contentious energy deal, terminating a 1969 contract that heavily favored Quebec. Critics, including ex-Premier Danny Williams, fear Newfoundland may be shortchanged once more. Set to take effect in 2026, the agreement pledges a staggering $227 billion to Newfoundland, yet it casts a shadow over Quebec's future energy expenses.

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Story summary

Newfoundland and Labrador Hydro and Hydro-Quebec have inked a contentious energy deal, terminating a 1969 contract that heavily favored Quebec. Critics, including ex-Premier Danny Williams, fear Newfoundland may be shortchanged once more. Set to take effect in 2026, the agreement pledges a staggering $227 billion to Newfoundland, yet it casts a shadow over Quebec's future energy expenses.