Premier Couillard on Quebec’s Hydropower

Premier Couillard on Quebec’s Hydropower


Because of the climate change issue the availability
of clean renewable energy from Quebec as far as we’re concerned is a great way for Vermont
and New England to reach our objectives of sustainable development so we have available
energy available power that we would like to trade with our neighbors in the south and
we feel interest on this issue and we really want to push this forward and because of the
Shale Gas Revolution that’s been there for a few years now pricing has changed significantly
the business model is changing too so we must find ways to make sure that this deal that
we would make together on energy; renewable energy, hydro-electricity is a win-win agreement
and that’s what we will be working on two of the three transmission projects right now
and it’s at the moment now hard to choose between the three but two of the three projects
are in Vermont and obviously Vermont has its own need in terms of energy but it’s also
a gateway for us to export our energy to New England Massachusetts, Connecticut, Rhode
Island recently have decided to work together in the field of renewable energy so again
we are presenting ourselves as the solution to this problem decades ago one of my predecessors
Robert Bourassa made a very important strategic choice at that time Quebec was faced with
two possibilities in terms of energy: one develop hydro-electricity in the north, two
nuclear power stations along the St. Lawrence fortunately he made the right choice and chose
hydroelectricity in the north and this is why now Quebec is the fourth largest producer
of hydro-electricity in the world it’s important that our friends in Vermont know that so we’re
a major player in the clean renewable energy field not only here in North America but around
the world too and hydro-electricity is also part of the Canadian narrative on energy because
of the development we’ve been doing in the recent years we have available energy on top
of what we use domestically so we can use this extra energy either to attract businesses
in Quebec and create jobs which we do offering them competitive rates or export to our neighbors
at the right prices fair for both sides and this is why and the reason why this Shale
Gas Revolution environment is also changing profoundly the way we look at those things
because before basically hydro-electricity was the first choice in New England and the
prices were higher because of the availability of natural gases now from shale production
in the US there’s another player in the room which also offers low prices for electricity
generation so that’s why we have to look at this new environment maybe in different ways
and I think the way to do this is to have long term contracts and agreements as we’ve
done before between New England and Quebec that would kind of work against the cyclical
pattern that we know that our prices always have and will have

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