Quebec Premier Francois Legault will travel to Newfoundland and Labrador on Thursday for two days of talks on a new Churchill Falls hydroelectricity deal.
Legault made the announcement during question period at the Quebec City legislature.
The 1969 agreement with Newfoundland and Labrador allows Hydro-Quebec to purchase the majority of the electricity generated at the station in central Labrador -- and therefore reap most of the profits.
As of 2019, the deal has yielded close to $28 billion in profits to Quebec, compared to just $2 billion for Newfoundland and Labrador.
Legault has made the deal's renewal a key piece of his energy strategy as the province tries to lower emissions and meet its growing electricity needs.
The Newfoundland and Labrador government established a panel last year to prepare for the negotiations and examine how the province could benefit when the current agreement ends in 2041.
- This report by The Canadian Press was first published on Feb. 21, 2023
