Tuesday, August 9, 2011

A Vermont View Of Canadian Electricity Export Plans

Canadian power brokers look to transmit electricity to points south

According to Hydro-Quebec’s 2009-2013 Strategic Plan, Hydro-Quebec Production’s net exports in 2008 accounted for 8 percent of their sales volume (C$977 million) but 32 percent of the company’s net income. By 2013, it continues, Hydro-Quebec Production’s net exports will actually drop in net revenue to $915 million–“export volume will increase significantly…while the average price of exports will fall, given the forecast price of natural gas”–but that will comprise 12 percent of their sales volume and 38 percent of Hydro-Quebec’s net income.
According to the import/export reporting of Canada's National Energy Board, net revenues dropped below $830 million already, in 2010.
And it was down again over the first 5 months of 2011.

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