The New Deal Explained
In December 2024, Newfoundland and Labrador struck a new energy deal with Quebec, ending the old 1969 Upper Churchill contract. Discover what the new deal means for Newfoundlanders and Labradorians with answers to some common questions.
Why is this happening now?
Quebec’s pressing need for clean energy prompted an early renegotiation of the 1969 contract, offering exciting new opportunities for Newfoundland and Labrador.
How can we be sure we got the best deal?
Consulting with experts and community leaders through an extensive multi-year process enabled us to secure a deal that increases power access and revenue significantly.
Does this deal mean more power?
The deal includes more power for the province, co-development of new hydro projects, upgrades to existing plants, and new transmission lines.
What does this mean for the people of the province?
The deal will generate substantial revenue for public services, create thousands of jobs, and prioritize local workers.