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Val Jalbert: anticipated losses of 80 M$ for Hydro-Québec

Hydro-Québec

Fondation Rivières estimates that Hydro-Québec will suffer annual losses of more than 5 M$/year, or 80 M$ (discounted value) during the 20 years that the contract signed with the promoter, the Société de l'énergie communitaire du Lac- will last. Saint Jean. Hydro-Québec's chronic deficit, caused by this type of unprofitable project, is absorbed by consumers and could be offset by layoffs in the state-owned company.

In December 2012, Hydro-Québec filed a request with the Régie de l'énergie to increase its rates by 3.3 percent starting April 1, 2013. The state-owned company will also have to cut 2,000 jobs in the coming months. are coming.

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Photo: Protect Yourself/Shutterstock

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