Coady says this province won’t see any money until 2026 but changes in the new contract will be retroactive to January 1,2025.
Finance Minister Siobhan Coady says everything changes with a new deal that could see $17 billion in revenue for the province by 2041. That’s when the Churchill Falls deal with Hydro Quebec was due to expire. It was a major thorn in the province’s side with Quebec getting electricity for 0.2 cents a megawatt. In St. John’s last week, Premier Andrew Furey held a news conference with Quebec Premier Francois Legault. Furey tore up the 1969 contract and signed a Memorandum of Understanding with Legault, that would see a new deal beneficial to both provinces. Finance Minister Coady says this province won’t see any money until 2026 but changes in the new contract will be retroactive to January 1,2025. She says this could mean $17 billion dollars for the province by 2041. Coady says the new contract will be of great benefit to the people of this province.
Happy Canada Day!
New provincial climate change action plan to cover the next five years
The Woody Point Summer Concert Series presented by Writers at Woody Point is in full swing
Corner Brook Bishop responds to an order for him to apologize and leave early before retirement
Pilot loses sight while on descent into Deer lake Regional Airport, police say caused by a laser light
