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What is Hydro Quebec mean?
Hydro-Québec is a public utility that manages the generation, transmission and distribution of electricity in the Canadian province of Quebec, as well as the export of power to portions of the Northeast United States.
It was established by the Government of Quebec in 1944 from the expropriation of private firms. This was followed by massive investment in hydro-electric projects like the James Bay Project. Today, with 63 hydroelectric power stations, the combined output capacity is 37,370 megawatts. Extra power is exported from the province and Hydro-Québec supplies 10 per cent of New England's power requirements.
Hydro-Québec is a Crown corporation (state-owned enterprise) based in Montreal. In 2018, it paid CAD$2.39 billion in dividends to its sole shareholder, the Government of Québec. Its residential power rates are among the lowest in North America.
More than 40 percent of Canada’s water resources are in Québec and Hydro-Québec is the fourth largest hydropower producer in the world.
The company logo, a stylized "Q" fashioned out of a circle and a lightning bolt, was designed by Montreal-based design agency Gagnon/Valkus in 1960.
referencePosted on 23 Dec 2024, this text provides information on Miscellaneous in General related to General. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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