First quarter 2017

Quarter marked by record volume of net exports

Hydro-Québec: First-quarter net income exceeds $1.5 billion for the fourth consecutive year.

For the quarter ended March 31, net income totaled $1,543 million, a result similar to that of the same period last year. Thanks to the continued reliability of our generating and transmission facilities, our net electricity exports hit a new quarterly record in terms of volume. In fact, this is the first time in Hydro-Québec’s history that we exceeded 10 TWh in a quarter.

Quarter highlights

  • Markets outside Québec: Net electricity exports total 10.1 TWh, a historic quarterly high
    • 25% volume increase compared to the first quarter of 2016
    • Previous record of 9.8 TWh set in the third quarter of 2016
  • Major investments throughout Québec: $652 million
    • Ongoing construction and connection of the Romaine hydroelectric complex
    • Ongoing work on the 735-kV Chamouchouane− Bout-de-l’Île project
    • Refurbishment of power generation and transmission facilities

Earlier Quarterly reports

See also