Annual Report 2016
Hydro-Québec’s net income remained high in 2016, at $2,861 million, even as temperatures returned to near normal on the Québec market after two years marked by very cold winters. The company was able to capitalize on its commercial and operational expertise to export a record volume of electricity, which mitigated the impact of lower prices on energy markets. For a fourth consecutive year, Hydro-Québec’s contribution to the revenue of its sole shareholder, the Québec government, has exceeded the $4-billion mark.
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