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N.L. Hydro 'taken to the cleaners' on Churchill Falls MOU, says former CEO

Crown utility's current head stands by 'best possible deal,' says critics need reality check

Radio-CanadaPatrick Butler

A former head of Newfoundland and Labrador Hydro says the Crown corporation is being duped by Hydro-QuĂ©bec, which he believes should pay tens of billions more for Churchill Falls power under a new memorandum of understanding unveiled in December.

"They've taken us to the cleaners. Most Newfoundlanders are oblivious to it," said Bill Wells, N.L. Hydro CEO from 1996 to 2005, in comments roundly rejected by the utility's current head.

"We have not been wrung dry," said Jennifer Williams, the current…

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Read the full story on the CBC website

N.L. Hydro 'taken to the cleaners' on Churchill Falls MOU, says former CEO

SOURCE www.cbc.ca

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https://stjohns.lokol.me/s/nl-hydro-taken-to-the-cleaners-on-churchill-falls-mou-says-former-ceo-8464-10114893
Radio-CanadaPatrick Butler, Posted: Jan 24, 2025 5:30 AM EST | Last Updated: 13 minutes ago
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