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Working with Investors and Managing Risk Managing Business Risk |
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| Since 1998, Hydro-Québec has included systematic business risk management in its planning. The company also assesses the potential impact of the main risks affecting net income. Among the risks that are continually monitored are runoff, temperature, demand forecasting, fluctuating interest and exchange rates, and fluctuations in raw materials and energy prices. Each year, we submit an analysis of business risk and ways of managing it to the Board of Directors. We adhere to an integrated debt management policy. We are present on most of the major fixed-income securities markets (Canadian, American, European and Japanese) with public bond issues and private placements. In addition to issuing medium-term notes on all markets and in all currencies, we have a commercial paper program in both U.S. and Canadian dollars. More information about Hydro-Québec's financing methods and strategies.
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