Hydro-Québec
Canadian hydroelectric utility
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2024 | Gazar et al. published research analyzing causal relationships between cross-border transmission capacity, hydroelectric generation, and energy demand in northeastern North America using Bayesian network analysis. |
December 2024 | Newfoundland premier Andrew Furey and Quebec premier François Legault signed a 50-year Memorandum of Understanding to terminate the original Churchill Falls electricity contract, potentially raising rates by 2,850%. |
2023 | Energy sold by Hydro-Québec was almost exclusively from renewable sources, with hydro power accounting for 98.53% of total energy generation. |
2023 | Hydro-Québec paid 2.47 billion dollars in dividends to its sole shareholder, the Government of Quebec, demonstrating its financial strength and contribution to provincial revenue. |
August 1 2023 | Michael Sabia becomes the sixteenth president of Hydro-Québec. |
2022 | Acquired Great River Hydro, LLC through its US subsidiary HQI US Holding for US$2.2 billion. |
2022 | Commissioned the Romaine-4 powerhouse with 245 MW capacity. |
October 2020 | Innu Nation filed a $4 billion compensation claim against Hydro-Québec for damages caused by the Churchill Falls Generating Station. |
April 1 2020 | Sophie Brochu is appointed as the fifteenth president of Hydro-Québec. |
2018 | Hydro-Québec gained attention from Bitcoin miners following the cryptocurrency mining crackdown in China, leveraging the province's energy surplus of 10 Terawatt hours per year. |
2017 | Hydro-Québec's net export revenues reached $1,651 million, with 34.4 TWh of electricity exported to New England (53%), New York (23%), Ontario (13%), and other markets (5%). |
2017 | Commissioned the Romaine-3 powerhouse with 395 MW capacity. |
2016 | Hydro-Québec and IESO signed a new long-term agreement for electricity exchange, running from 2017 to 2023, which included sending 2 TWh per year to Ontario and receiving winter peak capacity from Ontario. |
2015 | Hydro-Québec and the Ontario Independent Electricity System Operator (IESO) signed a 500-MW seasonal capacity sharing agreement to address seasonal energy capacity differences between Quebec and Ontario. |
2015 | Commissioned the Romaine-1 powerhouse with 270 MW capacity. |
June 3 2015 | Éric Martel becomes the fourteenth president of Hydro-Québec. |
2014 | Beginning of planned annual rate increases of 3.7% to reflect heritage pool electricity increase, continuing until 2018. |
2014 | Commissioned the Romaine-2 powerhouse with 640 MW capacity. |
2013 | The Electric Circuit installed its first 400V fast charger, expanding the electric vehicle charging infrastructure. |
2013 | Commissioned the La Sarcelle powerhouse with 150 MW capacity. |
December 31 2013 | Hydro-Québec Production owned and operated 61 hydro plants, including 12 with over 1,000 MW capacity and 26 major reservoirs. |
2012 | Régie de l'énergie ordered a second consecutive rate rollback of 0.5%. |
2012 | Commissioned the Bernard-Landry powerhouse with 768 MW capacity. |
December 28 2012 | Gentilly nuclear generating station permanently shut down, closing the company's nuclear power generation facility. |
March 2012 | Hydro-Québec launched 'The Electric Circuit', deploying the first 30 electric vehicle charging stations in Quebec. |
2011 | Régie de l'énergie ordered a rate rollback of 0.4%. |
April 2011 | The Quebec government published a plan to encourage electric vehicle adoption, setting a target of 25% electric car sales by 2020 and tasking Hydro-Québec with developing public charging infrastructure strategy. |
March 2011 | Tracy Thermal Generating Station, a heavy fuel oil-fired plant, was shut down. |
2010 | Quebec budget announced a gradual increase of heritage pool electricity to be implemented in subsequent years. |
March 11 2010 | Vermont's two largest utilities, Green Mountain Power and Central Vermont Public Service, entered into a tentative 26-year deal with Hydro-Québec to purchase up to 225 MW of hydro power from 2012 to 2038, with a price smoothing mechanism to protect customers from market price fluctuations. |
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