When you partner with Hydro-Québec, you’re choosing …
Company at a glance
Hydro-Québec generates, transmits and distributes electricity. The largest power utility in Canada and a major player in the global hydropower industry, Hydro-Québec also operates a vast high-voltage transmission system. Its sole shareholder is the Québec government.
Electricity sales: 209 TWh,
including 36.5 TWh of exports
A grid with impressive geography
Founded in 1944, Hydro-Québec made an early decision to take advantage of the province’s hydrography—3% of the planet’s freshwater resources—to fulfill its public service mission.
Because Québec’s hydropower potential is concentrated in the northern part of the province, while the bulk of the population is in the south, the company had to meet two immense challenges. First, building huge hydropower projects in remote areas, where temperatures can drop to -40°C. And second, deploying a transmission system extending over 34,300 km (21,000 mi.). This two-fold constraint forced it to innovate and produce remarkable feats of engineering.
Today, the Hydro-Québec grid delivers reliable electricity to over four million Québec customers and exports huge amounts of power to wholesale markets in the northeastern United States and neighboring Canadian provinces.
Key figures* (2018)
Total assets: $77 billion
Net income: $3.2 billion
Energy portfolio: more than 99% renewable
3,900 MW of wind power
on the grid
34,400 km of high-voltage lines
Québec market: 4.3 million customers
Generating capacity: 37,310 MW
Total workforce: 19,900 employees
Residential rate: 7.13¢/kWh** (lowest in North America)
As laid out in its Strategic Plan 2016–2020, Hydro-Québec means to double its revenue by 2030. To achieve our growth targets, we’re focusing on increasing exports and commercializing our technological innovations. We’ve also decided to start investing internationally again through direct equity holdings, asset acquisitions or partnerships in the power industry.
Far from being a newcomer to the world market, Hydro-Québec held C$1 billion in major assets abroad between 1996 and 2005, before deciding to bring its resources home to carry out an ambitious domestic infrastructure program.