Hydro-Quebec buying New England hydro company

[OVERKILL]

https://financialpost.com/commoditi...=Social&utm_source=Twitter#Echobox=1665591862
https://vtdigger.org/2022/10/12/hyd...-which-owns-13-power-stations-in-new-england/

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.

 

[frankbee3]

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.

 

[ka9mnx]

Nothing but good can come out of this. Large U.S. companies, and our government, can't manage anything involving money. "What's in it for me" attitude.

 

[thunderfog]

Wonder if they'll try to flood New England like they've done with half of Quebec...

 

[OVERKILL]

Wonder if they'll try to flood New England like they've done with half of Quebec...

Now now, it's not half of Quebec, Quebec is huge, it's just an area the size of the state of Florida, lol

 

[ka9mnx]

Wonder if they'll try to flood New England like they've done with half of Quebec...

What's the downside to that?

 

[thunderfog]

What's the downside to that?

It destroyed caribou and fish habitats crucial to First Nations people, increases methane and CO2 release, and concentrates mercury in the water supply.

 

[ka9mnx]

It destroyed caribou and fish habitats crucial to First Nations people, increases methane and CO2 release, and concentrates mercury in the water supply.

I was speaking of New England.