Canadian Clean Energy Deal Could Boost Exports to U.S.

A major new agreement between the Canadian federal government, Newfoundland and Labrador, and Québec to invest about $70 billion in new hydropower capacity, land-based wind and transmission may provide a boost to Canada’s net exports to New England and New York.

Joe LaRusso of the Acadia Center said the agreement appears to complement Hydro-Québec’s long-term efforts to add substantial amounts of power capacity within the province.

“This is just adding to the store of power Hydro-Québec has to use internally and export,” he said, adding that it highlights that “being able to share resources over broader geographies really is the answer to resource adequacy issues in New England, Québec and the broader Northeast region.”

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