Hydro-Quebec buying New England hydro company

OVERKILL

$100 Site Donor 2021
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Apr 28, 2008
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Ontario, Canada

Hydro-Quebec has entered an agreement to purchase Great River Hydro and its 13 hydro-electric power stations (and three reservoirs) in New England for $2.7 billion (~$2 billion USD). Facilities span Vermont, New Hampshire and Massachusetts.

I expect that this is a power play in an attempt to get their transmission corridor into the US built, something that they've been struggling with to increase their export capacity.

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Joined
Dec 22, 2016
Messages
339
Location
New Hampshire
I have noticed that larger Canadian companies have bought smaller oil and gas companies here in New Hampshire. Seems like Canada is more proactive in creating and strengthening basic infrastructure?

I hope it leads to lower prices for energy whether it be electric or petroleum.
 
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