The premiers of Canada’s Atlantic provinces, and the governors of the north-eastern states met in St. John’s, Newfoundland, along with the Premier of Quebec, Philippe Couillard, to discuss the power supply and demand of the eastern regions of Canada and the United States. Canada has the supply and the United States the demand
“the greenest utility in the world,”
The deal between Quebec and Eversource has yet to be approved by regulators. Eversource Energy CEO Thomas May said his New England energy company is proud to team up with Hydro-Quebec, a company he calls “the greenest utility in the world,” on a proposal that would bring hydroelectricity to New Hampshire.
“We in New England have an energy crisis of bits, both with respect to prices — our markets have been very, very difficult in the winter — and we’ve had extreme price spikes in the last two winters,” he said.
Eric Martel, Hydro-Quebec President, said the $1.4 billion Northern Pass Transmission Project would pump 1,000 megawatts into the New England grid, serving Massachusetts, Rhode Island and New Hampshire.
It is expected the power will begin to flow in the spring of 2019.
Newfoundland and Labrador, meanwhile, is hoping to sell to the same market from its new projects, Muskrat Falls and the Lower Churchill. Premier Paul Davis is looking to the future, “While there is a level of competitiveness, there is more demand and growing demand for hydroelectricity than I believe that Quebec and Newfoundland and Labrador is going to be able to supply,” He said, “I believe that we have the ability to work together,”