New York State signs 25-year contract with Hydro-Quebec as the state moves away from fossil fuel energy
New York State has awarded a 25-year contract to Hydro-Québec, the provincially-owned company's largest export contract.
Starting in 2025, Hydro-Québec will supply nearly 1,250 megawatts of hydroelectricity, which represents the electrical consumption of about one million homes.
Fossil fuels account for nearly 85 per cent of the region's electricity supply. The state wants renewable energy to account for 70 percent of its energy consumption by 2030.
The announcement was made by Governor Kathy Hochul during New York's Climate Week.
"New York State is taking a bold step toward decarbonization," said Hydro-Québec President and CEO Sophie Brochu in a statement.
Hydro-Quebec did not disclose the potential revenue it would receive from the contract, but it could be worth tens of billions.
On Twitter, Premier François Legault called it a "deal in principle worth over $20 billion over 25 years."
"This is huge news for the environment. Fossil fuel energy will be replaced by renewable energy," said the premier.
This is the largest export contract in Hydro-Québec's history. Massachusetts has already signed a 20-year agreement for 9.45 terawatts.
The Champlain Hudson Power Express (CHPE) project involves the construction of approximately 545 kilometres of underground and sub-river transmission line between the Canada-U.S. border and New York City.
A 60-kilometre portion will also be built in Quebec. The Quebec-owned corporation will co-own this portion with the Mohawk Council of Kahnawake (MCK), the elected body of the Kanien'kehá:ka (Mohawk) community on Montreal's South Shore.
The MCK said in a news release that New York wanted to "ensure its selection would not impede Indigenous rights."
“This is an historic accomplishment for Kahnawà:ke and a huge step forward regarding the relationship with Hydro-Québec," said MCK grand chief Kahsennenhawe Sky-Deer. "It is proof that when Kahnawà:ke’s rights and interests are considered in a meaningful way, it provides an opportunity for a valuable and innovative alliance."
The hydro line will be built on disputed territory that is the subject of an ongoing Kahnawake land grievance.
Hydro-Québec spokesperson Lynn St-Laurent said the contract is a "win-win for Quebec and New York."
"Not only does it provide a new source of revenue for the utility, but it also allows New York State to reduce its greenhouse gas emissions. It's a huge climate gain," she added. "Greenhouse gases know no borders, so what's good for our neighbours is good for Quebecers."
Hydro-Québec's project avoids the emission of 3.9 million metric tons of greenhouse gases.
"It's like taking 44 per cent of the vehicles in New York City off the road," says St-Laurent.
"This is great news for the environment," said Quebec Environment Minister Benoit Charrette. "Quebec is fully assuming its leadership in the fight against climate change. We are gradually realizing our desire to become the battery of the northeastern United States."
-- This report by The Canadian Press was first published in French on Sept. 20, 2021.
-- with reporting from CTV Montreal's Daniel J. Rowe.
CTVNews.ca Top Stories
Poilievre unrepentant over calling Trudeau 'wacko' as his MPs say Speaker should resign
Conservative Leader Pierre Poilievre says he does not regret calling Prime Minister Justin Trudeau 'wacko,' and now his MPs are renewing calls for the House of Commons Speaker to resign, this time over ordering the Official Opposition leader to leave the chamber.
Is it cold, flu or norovirus? Symptoms explained
The highly contagious norovirus is spreading across Canada, with some symptoms overlapping with other viruses. CTVNews.ca spoke with a health expert to find out how you can tell you have norovirus, the most common form of stomach flu, and what to do if you have it.
Doctors dealing with at least 160 Canadians suffering eye damage possibly linked to looking at the eclipse
Nearly a month after the total solar eclipse, at least 160 cases of eye damage have been reported across the country.
Ontario's police watchdog continues probe of high-speed pursuit involving fatal crash
The investigation continues into a collision that killed two grandparents and their infant grandchild during a high-speed police chase on the wrong way of Highway 401 east of Toronto.
Stranded cruise passengers in Spain race to catch up with their ship
A month after eight Norwegian Cruise Line passengers were stranded in Africa when their ship left without them because they were late getting back, a U.S. couple – ages 84 and 81 – were also left behind by the cruise line in Spain.
Blair says he couldn't sell cabinet on meeting 'magical threshold' of NATO target
Defence Minister Bill Blair says he couldn't convince the Liberal cabinet that Canada's government needed to meet NATO's spending target in its recent defence policy update.
London Drugs expected to give update on store status following 'cybersecurity incident'
Days after dozens of London Drugs locations closed due to a 'cybersecurity incident,' a spokesperson for the company says an update on the stores' status is expected Wednesday morning.
No criminal charges after 4 newborn bodies found in Boston freezer
A prosecutor in Massachusetts won't seek criminal charges against anyone, two years after four newborns were found in a freezer in a South Boston apartment.
Anger can harm your blood vessel function, study shows
Stress and anger can have a negative impact on cardiovascular health, studies have shown. New research points to just how the mechanism may work.