A MAjOR AssET FOR QUÉBEC
Created in 1944, Hydro-Québec is a government corporation whose sole shareholder is the Québec government.
Hydro-Québec produces, transmits and distributes electricity. It develops essentially renewable energy, hydro-electricity in particular.
To meet the needs of the Québec market, Hydro-Québec relies on hydro-electricity and other forms of renewable energy, thus meeting the sustainable development expectations of its customers.
In 2005, water power accounted for 97% of power production.
compaRatiVe index of electRicity pRices laRge coRpoRate customeRs (MONTRÉAL = 100)
Hydro-Québec is active in energy research and technologies tied to the production, transmission and distribution of electricity.
For a number of years, it has promoted energy efficiency and implemented programs that produce energy savings for its customers.
Energy savings of 4.1 TWh, i.e. the equivalent of the energy consumption of a city of 240 000 households, are targeted for 2010.
Hydro-Québec operates North America’s most extensive electricity transmission network, allowing it to trade electricity with its neighbour provinces and the northeast United States.
Designed to carry simultaneously the maximum output of all its generating stations and adapted to the rigorous climate of Québec’s vast territory, Hydro-Québec’s network is known for its reliability.
Index associated with a monthly power bill (excluding taxes) of 10 MW, consumption of 5 760 MWh and a load factor of 80%.
Sources: Hydro-Québec, Comparison of Electricity Prices in Major North American Cities, April 1, 2005 and EURELECTRIC, Electricity Tariffs as of 1 January 2005.
In 2005, Hydro-Québec’s earnings from activities reached $2.25 billion, i.e. $124 million more than in 2004. This increase is attributable in particular to the increase exports in the short term and to growth in sales in Québec.
The corporation has an ambitious investment program to complete Québec’s hydro-electric potential and ensure the long-term viability of installations. In 2005, investments totalled $3.3 billion.
In this way, Hydro-Québec can meet Quebecers growing needs and take advantage of attractive commercial conditions by trading surplus electricity on markets outside Québec.
hydRo-QuÉBec – 2005 highlights
Number of employees
More than 20 000
34 571 MW1
Hydro-Québec also has access to most of the output of the Churchill Falls generating station, with nominal power of 5 428 MW, and to the entire output of five wind farms with 196 wind-power generators with total installed power of 210 MW.
In 1965, Hydro-Québec placed the first 735 kV transmission line in the world in service. Hydro-Québec won many prizes for the invention of this technology, including the Milestone prize awarded by the Institute of Electrical and Electronics Engineers.
ECONOMIC AND FINANCIAL PROFILE OF QUÉBEC