Newfoundland and Labrador Hydro
 |
|
| Crown Corporation | |
| Industry | Electricity generation & distribution |
| Founded | St. John's, Newfoundland and Labrador (1954) |
| Headquarters | St. John's, Newfoundland and Labrador, Canada |
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Key people
|
Jim Haynes, President |
| Products | Electricity |
| Revenue |
 $493,500,000 CAN
|
|
Number of employees
|
1,150 (2005) |
| Parent | Nalcor Energy |
| Subsidiaries |
Churchill Falls (Labrador) Corporation Limited Lower Churchill Development Corporation Limited Gull Island Power Company Limited Twin Falls Power Corporation Limited |
| Website | www.nlh.nl.ca |
Newfoundland and Labrador Hydro (commonly known as merely Hydro) is a provincial Crown corporation that generates and delivers electricity for Newfoundland and Labrador, Quebec, and the north-eastern areas of the United States. The company is a subsidiary of Nalcor Energy.
Newfoundland and Labrador Hydro's installed generating capacity, 7289 megawatts (MW), is the fourth largest of all utility companies in Canada. Generating assets consist of 12 hydroelectric plants, including the Churchill Falls hydroelectric plant, which is the second largest underground power station in the world, with a rated capacity of 5,428 MW of power, one oil-fired plant, four gas turbines and 26 diesel plants. Every year, Hydro generates and transmits over 80% of the electrical energy consumed by Newfoundlanders and Labradorians – over 6,487 GWh of energy in 2004. Hydro also distributes power directly to 35,000 customers in rural Newfoundland and Labrador.
In 1975, the Newfoundland and Labrador Power Commission, a crown corporation originally established to assist in rural electrification, was renamed Newfoundland and Labrador Hydro Corporation.
Newfoundland and Labrador Hydro is the parent company of the Hydro Group of Companies, which comprises
The Nova Scotia government commissioned (from SNC-Lavalin) a study in 2009 to consider an Atlantic wide regional electricity market operator.
A $6.2 billion deal between Newfoundland and Labrador Hydro's parent company, Nalcor Energy and Halifax-based Emera was announced by premiers Darrell Dexter and Danny Williams on November 18, 2010. Nalcor Energy will spend $2.9 billion to build a power generating facility at Muskrat Falls, while Emera will invest $1.2-billion in the Maritime Transmission Link underwater power connection and $600 million in the Muskrat Falls facility in exchange for 20% of the 800-megawatts of capacity.
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Wikipedia