For more than half a century, Newfoundlanders and Labradorians have lived with the consequences of the 1969 Churchill Falls contract—a deal signed under pressure,...
When the Consumer Advocate publicly sidelined every potential buyer but Hydro-Québec, he undermined public trust in his ability to impartially evaluate agreements. If he cannot publicly advocate for an open, competitive bidding process, how can he credibly oversee the fine print of a deal destined to shape NL revenues and power rates for decades?
While the new MOU boosts annual revenues from Churchill Falls, these revenues are a fraction of what NL could earn if it properly controlled and marketed its power.
Memorandum of Understanding (MOU) epitomizes the long-standing imbalance between our provinces, with Quebec leveraging its geography and position as an economic giant to dictate terms
Government’s 2024 assertion --- that the Memorandum of Understanding (MOU) resulting in an effective average electricity price of 5.9 cents per kilowatt-hour (kWh) is...