Hydro-Québec’s Quarterly Bulletin

Action Plan 2035: strong growth in investments and financing activities
- Increase of nearly 30% in investments in property, plant and equipment and intangible assets compared to the previous year
  - Over $2.6 billion invested in six months
  - More than half of the funds allocated to generation, transmission and distribution asset sustainment to ensure service quality
- Financing activities raised $2.9 billion in the first six months

Low runoff in 2023: prudent management of energy reserves in 2024
- Decrease of $919 million in sales outside Québec, due in particular to a 50% decline in volume compared to the previous year
- Positive impact of the electricity price hedging strategy, but less significant than in 2023
  - Average price obtained (including hedging effect): 9.4¢/kWh, compared to the average market price of 6.4¢/kWh
Higher revenue from sales in Québec
- Continued growth in electricity demand, due partly to an increase in the number of customer accounts, primarily in the residential and commercial segments
- Lower electricity consumption due to mild temperatures in the first quarter of 2024, which was the mildest in 10 years
- Increased revenue resulting from rate indexations that came into effect on April 1, 2023 and 2024

Earlier quarterly publications