Third quarter 2017

Hydro-Québec: Historic volume of net exports in first three quarters

For the quarter ended September 30, 2017, net income amounted to $288 million, bringing cumulative net income to $2,190 million, which is comparable to the $2,196 million recorded in 2016. The first three quarters of 2017 were marked by a historic volume of net electricity exports, totaling 27.1 TWh. Even if summer temperatures in our U.S. Northeast markets were a lot cooler this year than in 2016, our net electricity exports remained strong.

Quarter highlights

  • Markets outside Québec
    • Sustained volume of net exports: 9.6 TWh for $406 million
  • Major investments throughout Québec
    • Ongoing construction and connection of the Romaine hydroelectric complex and commissioning of Romaine-3 generating station (395 MW)
    • Work in progress on the 735-kV Chamouchouane−Bout-de-l’Île project
    • Refurbishment of several generating and transmission facilities
  • First major financing of 2017
    • Issuance, at a cost of 3.10%, of bonds totaling $500 million and maturing in 2055

Earlier Quarterly reports

See also