News
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Financial Restructuring Agreement for Third Federal Loan Guarantee and LIL Investment Finalized
Read More: Financial Restructuring Agreement for Third Federal Loan Guarantee and LIL Investment FinalizedNewfoundland and Labrador Hydro today announced the finalization of the $1 billion federal loan guarantee and capital restructuring for Muskrat Falls (MF) and the Labrador Transmission Assets (LTA). This is part of the $5.2 billion Rate Mitigation Plan to ensure electricity rates will not double as a result of Muskrat Falls. Following signing of the…
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ELECTRICITY RATES ARE CHANGING EFFECTIVE MARCH 1, 2022
Read More: ELECTRICITY RATES ARE CHANGING EFFECTIVE MARCH 1, 2022Rates for Newfoundland and Labrador Hydro’s (Hydro) Island Interconnected, L’Anse au Loup and Isolated Rural customers decreased, effective March 1, 2022. Why are rates decreasing? The settlement agreement relating to Newfoundland Power’s 2022/2023 General Rate Application resulted in an average decrease of 1.1% in electricity rates for residential and commercial customers effective March 1, 2022.…
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Celebrating 50 years since the first delivery of power at the Churchill Falls Generating Station
Read More: Celebrating 50 years since the first delivery of power at the Churchill Falls Generating StationChurchill Falls, NL Yesterday, Newfoundland and Labrador Hydro marked the 50th anniversary of the Churchill Falls Hydroelectric Generating Station. On December 6th, 1971, the Station successfully delivered power across its 735kV transmission lines, more than 1,200 km to Montreal. With a generating capacity of 5,428 megawatts, the Churchill Falls Hydroelectric Generating Station has been producing…
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ADVISORY: Work Continues in Upper Lake Melville Overnight
Read More: ADVISORY: Work Continues in Upper Lake Melville OvernightHydro is advising customers in Happy Valley-Goose Bay, Sheshatshiu, North West River, and Mud Lake that work to complete the new transmission line that was put in service last weekend will take place overnight beginning at 1AM Monday, December 6, 2021. Currently we do not expect customers in the area to be impacted. However, if…
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Newfoundland and Labrador Hydro Releases Third Quarter Financial Results
Read More: Newfoundland and Labrador Hydro Releases Third Quarter Financial ResultsNewfoundland and Labrador Hydro (Hydro) reported financial results for the third quarter of 2021. Hydro, Nalcor Energy and affiliated subsidiaries, are in the process of a reorganization of corporate structure under Hydro. The third quarter 2021 financial results reflect the legal structure at this time and are reported as Nalcor Energy. “Hydro has seen an…
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Muskrat Falls Hydroelectric Generating Station Integrated into the Provincial Electricity System, adding reliability to Winter Readiness Plans
Read More: Muskrat Falls Hydroelectric Generating Station Integrated into the Provincial Electricity System, adding reliability to Winter Readiness PlansNovember 29, 2021, St. John’s, NL – The Muskrat Falls Hydroelectric Generating Station, one of several key assets that are part of the Lower Churchill Project, is now complete and has been released to the Newfoundland and Labrador System Operator (NLSO) for service. The Muskrat Falls Corporation received notice of acceptance of the commissioning certificate…
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Newfoundland and Labrador Hydro Streamlines Executive Structure to Reduce Costs and Focus on Better Serving the Province
Read More: Newfoundland and Labrador Hydro Streamlines Executive Structure to Reduce Costs and Focus on Better Serving the ProvinceToday, Jennifer Williams, President and CEO of Newfoundland and Labrador Hydro (Hydro), announced the company is streamlining its executive structure. The team chosen to lead the province’s crown utility has been reduced from 18 positions down to 11, made up of 10 vice presidents and the CEO. This streamlining is in support of the June…
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ADVISORY: Planned outage for parts of Upper Lake Melville, Oct. 29
Read More: ADVISORY: Planned outage for parts of Upper Lake Melville, Oct. 29Hydro is advising of a planned outage affecting all of Sheshatshiu, North West River and the 5 Wing Goose Bay base. (Please see detailed list below) In an effort to reduce the impact on customers, the outage is scheduled for the overnight hours from 1:00 a.m. – 4:00 a.m. this Friday, October 29. The work…
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Hydro warns of phone scam
Read More: Hydro warns of phone scamNewfoundland and Labrador Hydro has received recent complaints from people who have gotten calls about their account charges from telephone scammers claiming to be Hydro staff . Be aware, these calls are not from Hydro and are an attempt to steal money. The scammers may even provide, or appear to be calling from, a legitimate…
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Crews testing transmission lines in Labrador and on the Island September 20 to October 4. No customer impacts.
Read More: Crews testing transmission lines in Labrador and on the Island September 20 to October 4. No customer impacts.As part of commissioning of the Labrador Island Link (LIL), live testing of the Electrode Line Fault Locator technology is planned for the next several days. This technology will help teams locate issues along the electrode line in Labrador from Muskrat Fall to Forteau, and on the Island from Dowden’s Point to Soldiers Pond. It…