The problem is that while the new government has said it is using the report as the template for the negotiations leading up to the Definitive Cooperation and Implementation Agreement, it turns out it hasn’t.
The current MOU Appendix D sets out the proposed energy purchases by Hydro Quebec for the next 51 years together with intended annual payments to CF(L)Co. It shows total energy purchases of 1,266 terawatt hours and total payments of $185 billion ($10 billion less than the discredited 2024 MOU). The net present value of these payments, after deducting the return of approximately one third to Hydro Quebec as common dividends, is 0.0213 cents, slightly higher that the historical “adjusted” rate.
I am a mother, grandmother and great-grandmother, speaking for other mothers and grandmothers and sisters and daughters who may not have the opportunity to...
Gull Island under MOU 2 ( Definitive Cooperation and Implementation Agreement)
The commentary below highlights the key components of the MOU 2 with regard to...
Notes for NLPROUD Rally at Confederation Building, Monday September 14, 2026.
Ladies and Gentlemen, We are protesting today when we should celebrating.
We should be celebrating...
Premier Tony Wakeham’s Memorandum of Understanding with Hydro-Quebec (HQ) is generally known as MOU 2, to distinguish it from the MOU negotiated under the...
MOU 2 places in jeopardy our ability to make the choices that best serve the benefit our people and make them the “principal beneficiary” of our resources. We must do better than MOU 2, which is an abysmal failure on all counts and the betrayal of the hopes of generations yet unborn. Our fervent prayer must be: “God Guard Thee, Newfoundland and Labrador”; we cannot count on our government to guard us.