Hydro-Québec, a leader in renewable energy
A world-renowned power utility, leading technological innovator and committed long-term strategic investor, Hydro‑Québec is also a good corporate citizen that makes every effort to ensure a better energy future while also creating value. We have what it takes to play a pivotal role in the transition to renewables and the decarbonization of electrical generation.
When you partner with Hydro‑Québec, you’re choosing …
Company at a glance
Hydro‑Québec generates, transmits and distributes electricity. The largest power utility in Canada and a major player in the global hydropower industry, Hydro‑Québec also operates a vast high-voltage transmission system. Its sole shareholder is the Québec government.
Electricity sales: 210.8 TWh,
including 35.6 TWh of exports
A grid with impressive geography
Founded in 1944, Hydro‑Québec made an early decision to take advantage of the province’s hydrography—3% of the planet’s freshwater resources—to fulfill its public service mission.
Because Québec’s hydropower potential is concentrated in the northern part of the province, while the bulk of the population is in the south, the company had to meet two immense challenges. First, building huge hydropower projects in remote areas, where temperatures can drop to -40°C. And second, deploying a transmission system extending over 34,300 km (21,000 mi.). This two-fold constraint forced it to innovate and produce remarkable feats of engineering.
Today, the Hydro‑Québec grid delivers reliable electricity to over four million Québec customers and exports huge amounts of power to wholesale markets in the northeastern United States and neighboring Canadian provinces.
Key figures* (2021)
Total assets: $82.7 billion
Net income: $3.56 billion
Energy portfolio: more than 99% renewable
3,900 MW of wind power
on the grid
34,802 km of high-voltage lines
Québec market: 4.45 million customers
Generating capacity: 37,248 MW
Total workforce: 21,168 employees
Residential rate: 7.39¢/kWh(lowest in North America)