Hydro Quebec Signs $20 Billion, 25-Year Deal to Power New York State

Hydro Québec has signed a tentative agreement to help power the state of New York over the next 25 years.

Premier Francois Legault said Monday the deal totals more than $20 billion. He called the agreement “huge news for the environment,” given that “fossil energy will be replaced by renewable energy.”

On Twitter, Mr. Legault said “The state of NY chooses Quebec. Hydro-Quebec signs an agreement in principle worth more than $ 20 billion over 25 years to supply electricity to the state of NY. This is huge news for the environment. Fossil energy will be replaced by renewable energy.”

“I feel enormous pride. This is a big step forward for Quebec, but also for our planet” added the Quebec Premier.

“My government has been working for 3 years to realize this vision for the future of making Quebec the green battery of Northeast America. This is an important contribution from Quebec to reduce GHGs. The fight against climate change knows no borders.”

Mr. Legault has long tried to sell neighbouring provinces and the United States on the benefits of hydro power, billing Quebec as the “battery of North America.”

The agreement — which still requires final approval in both jurisdictions — would see Hydro-Québec export 10.4 terawatt-hours a year over the span of the deal.

It would require the construction of a 60-kilometre line on this side of the border. The Mohawks of Kahnawake would share in the ownership of the line.

Hydro-Québec said it hopes to start construction by early 2023.

New York Gov. Kathy Hochul said in a statement the project would “help us turn the page on New York City’s long-standing dependence on fossil fuels and will ensure millions of New Yorkers, especially those living in our most vulnerable communities, can have the promise of cleaner air and a healthier future.”

This post is also available in: English

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