Hydro-Québec can export its electricity to New York

The final step has been taken for Hydro-Québec, which can export its hydroelectric power to the huge market of the Big Apple and its glittering neighborhoods like Times Square or Broadway. The New York authorities approved the agreement today.

• Also read: Serial polluters in Quebec: Hydro-Quebec among the fools of the environment

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New York State Gov. Kathy Hochul announced this on her Twitter account, referring to “a historic agreement” that is part of initiatives to make the region zero-emissions by 2040.

“We can all be proud today. New Yorkers have chosen clean hydroelectric power from Quebec to meet 20% of the electricity needs of America’s largest metropolis,” said CEO Sophie Brochu.

The New York Public Utilities Commission gave final approval. Hydro’s partner Transmission Developers, a subsidiary of American company Blackstone, is scheduled to start work in 2022.

titanic

This is the largest order in Crown Corporation’s history. The 25-year agreement will provide Hydro-Québec with potential revenues of nearly US$30 billion (CA$38 billion) over that period.

According to government sources consulted by The newspaper in the fall, the American partner is to receive sales of around 10 billion dollars, or a third of the total order.

The project is titanic. It envisages the construction of a 545-kilometer end-to-end buried pipeline that will run under Lake Champlain and also the imposing Hudson River to New York.

In Quebec, the interconnection project involves the construction of nearly 36 miles (58 km) of transmission line that will connect Hertel’s La Prairie substation to the Richelieu River interconnection point.

The Mohawk Council of Kahnawake will own governance in Quebec along with Crown Corporation. The agreement will result in financial benefits to the community over a period of 40 years.

The state permitting process is ongoing and is subject to evaluation by the Bureau d’audiences publiques en environnement and the Canadian Energy Regulatory Agency.

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