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What is Newfoundland and Labrador Hydro mean?
Newfoundland and Labrador Hydro (NL Hydro), commonly known as Hydro, is a provincial Crown corporation that generates and delivers electricity for Newfoundland and Labrador, as well as portions of Quebec and the north-eastern areas of the United States. Since 2007, Hydro has been a subsidiary of the provincial Crown-owned energy holding company Nalcor Energy.
Newfoundland and Labrador Hydro's installed generating capacity, 7289 megawatts (MW), is the fourth largest of all utility companies in Canada. Generating assets consist of 12 hydroelectric plants, including the Churchill Falls hydroelectric plant, which is the second largest underground power station in the world, with a rated capacity of 5,428 MW of power, one oil-fired plant, four gas turbines and 26 diesel plants. Every year, Hydro generates and transmits over 80% of the electrical energy consumed by Newfoundlanders and Labradorians – over 6,487 GWh of energy in 2004. Hydro also distributes power directly to 35,000 customers in rural Newfoundland and Labrador.
In 1975, the Newfoundland and Labrador Power Commission, a crown corporation originally established to assist in rural electrification, was renamed Newfoundland and Labrador Hydro Corporation.
Newfoundland and Labrador Hydro is the parent company of the Hydro Group of Companies, which comprises
Churchill Falls (Labrador) Corporation Limited (CFLCo)Lower Churchill Development Corporation Limited (LCDC)Gull Island Power Company Limited (GIPCo)Twin Falls Power Corporation Limited (TwinCo) reference| Full Form | Category |
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Posted on 09 Jan 2025, this text provides information on Miscellaneous in Business related to Business. 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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