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Quebec-Newfoundland Energy Deal: Final Hours
Description
Quebec Premier Christine Fréchette remains optimistic about a significant energy deal with Newfoundland and Labrador, despite the draft agreements expiration on April 30th. The deal involves Hydro-Québec and Newfoundland and Labrador Hydro, focusing on power from the Churchill Falls plant. A special committee in Newfoundland is set to conclude its review this Thursday, with the possibility of extending or finalizing the deal. Fréchette expressed her desire for the review to confirm a beneficial agreement for both provinces, with Quebec potentially paying a premium for Churchill Falls power. Hydro-Québecs team has stated that the deadline is not a hard stop, allowing negotiations to continue towards a full agreement. Meanwhile, potential new projects along the Churchill River await the Thursday developments, as both provinces strive for power-sharing harmony.
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