Hydro-Québec’s Quarterly Bulletin

Action Plan 2035: strong growth in investments and financing activities
- Increase of more than 30% in investments in property, plant and equipment and intangible assets compared to the previous year
  - Nearly $4.3 billion invested in nine months
  - More than half of this amount allocated to generation, transmission and distribution asset sustainment to ensure service quality
- Financing activities raised $4.8 billion since the beginning of the year

Low runoff in 2023 and 2024: Prudent management of energy reserves
- Decrease of $777 million in sales outside of Québec, due in particular to volume declining more than one third 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): 9.6¢/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