News
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Media Advisory: 2024 Resource Plan Technical Briefing and Media Availability Thursday, July 11
Read More: Media Advisory: 2024 Resource Plan Technical Briefing and Media Availability Thursday, July 11Media are invited to attend a technical briefing and media availability with Newfoundland and Labrador Hydro. Date: Thursday, July 11, 2024Time: 1:30 p.m. NT (1:00 p.m. in most parts of Labrador)Location: 500 Columbus Drive, St. John’s (Hydro Place) Media are invited to join Robert Collett, Vice President of Hydro Engineering and NLSO, and Walter Parsons,…
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Annual Electricity Rate Change Delayed
Read More: Annual Electricity Rate Change DelayedJuly 1, 2024 Electricity rate adjustments are typically implemented on July 1 of each year for Island Interconnected, L’Anse au Loup and Isolated Rural customers. This year, we do not expect for any rate change to come into effect before August 1. The Public Utilities Board Newfoundland and Labrador (PUB) regulates the electrical utilities in…
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Update on power outages in Labrador West
Read More: Update on power outages in Labrador WestJune 27, 2024 – 11:00AM: Yesterday our teams were able to access Churchill Falls and re-energize both of the main lines. All customers have been restored. There continues to be a risk of outages for all customers in Labrador while active fires continue to burn near transmission lines in both Labrador and Quebec. We’re taking…
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Please join us for our AGM on July 26
Read More: Please join us for our AGM on July 26Newfoundland and Labrador Hydro’s Board of Directors, along with President and CEO, Jennifer Williams, invite you to attend the 2024 Annual General Meeting as we present the Business and Financial Report for 2023 and first quarter financial results for 2024. Friday, July 26, 202410:30 a.m. (NDT)Emera Innovation Exchange100 Signal Hill Rd, St. John’s, NL You…
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Hydro Joins the Province to Announce Final Rate Mitigation Plan
Read More: Hydro Joins the Province to Announce Final Rate Mitigation PlanOn May 16, Hydro President and CEO Jennifer Williams joined Minister Parsons as the Government of Newfoundland and Labrador announced the final details of the Rate Mitigation Plan. Together, with actions taken to date, this plan limits rate increases related to Hydro’s costs to 2.25% from now through 2030. We know our customers have been…
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Hydro provides update on recent weather events and Muskrat Falls assets
Read More: Hydro provides update on recent weather events and Muskrat Falls assetsThis morning, our President and CEO, Jennifer Williams spoke with the media following our quarterly letter to the Public Utilities Board on the status of our newest assets. Ms. Williams also reflected on the significant weather event that resulted in system outages last weekend. Watch the video or read the statement below for the highlights…
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Share your thoughts on Reliability, Rates and Growth of the Electricity System
Read More: Share your thoughts on Reliability, Rates and Growth of the Electricity SystemWe are inviting all customers and the public to participate in an online survey. What is it about?The survey includes questions about reliability, outages, rates, and growth relating to the province’s electricity system. This feedback will help guide Hydro’s approach to its upcoming system planning activities. How to Participate?The survey is accessible online or by…
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Newfoundland and Labrador Hydro releases third quarter 2023 financial results
Read More: Newfoundland and Labrador Hydro releases third quarter 2023 financial resultsToday, Newfoundland and Labrador Hydro (Hydro) released its financial results for the third quarter of 2023. Key highlights • Hydro’s year to date net income was $313 million, a $230 decrease compared to the same period last year. For the third quarter, net income was $199 million lower compared to the third quarter of 2022,…
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Newfoundland and Labrador Hydro releases second quarter financial results
Read More: Newfoundland and Labrador Hydro releases second quarter financial resultsNewfoundland and Labrador Hydro (Hydro) released its financial results for the second quarter of 2023 today. Key highlights • Hydro’s net income for the second quarter was $173 million, a decrease of $90 million compared to the same period in 2022. On a year-to-date basis, Hydro’s net income was $332 million, a decrease of $31…
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Clarifying recent reporting regarding combustion turbines and the plan for our energy future
Read More: Clarifying recent reporting regarding combustion turbines and the plan for our energy futureContrary to recent reporting, there is no decision to move forward with an application to construct a combustion turbine at this time. We would like to clear up any confusion that may have resulted from these reports. First, we remain committed to supporting the growth of renewable energy supply, one of 11 goals highlighted in…