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: 202 TWh,
including 33 TWh of exports

About Hydro-Québec

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.

History of Hydro-Québec

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.

Electricity exports

Key figures* (2016)

Total assets: $75.2 billion

Net income: $2.9 billion

Energy portfolio: 99% renewable

3,700 MW of wind power on the grid

34,300 km of high-voltage lines

Québec market: 4.2 million customers

Generating capacity: 36,900 MW

Total workforce: 19,550 employees

15 interconnections

Residential rate: 7.23¢/kWh** (lowest in North America)

*Financial data expressed in Canadian dollars. **Rate in effect April 1, 2016, for monthly consumption of 1,000 kWh (taxes not included)

Growing internationally

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.

Investment principles

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.