Unique business model
- Clean and renewable energy
- Energy storage capacity of 176.8 TWh1
- Domestic market of more than 4 million customer accounts1
- Proximity and access to neighboring provinces and United States export markets
- Rates among the lowest in North America
Established presence on capital markets
- Significant borrower in most of the major fixed income markets
- Liquid benchmarks, such as series maturing in 2050, 2055 and 2060
- Active player in the commercial paper market
- Funds gathered allow Hydro-Québec to finance its development and ensure the long-term operability of its assets
Quality credit, guaranteed by the Québec government
As at December 31, 2020, long-term debt totaled $48.4 billion, including current portion and perpetual debt.
Of that amount, $46.3 billion are debentures and medium-term notes that are guaranteed unconditionally by the Québec government. After taking into account short-term borrowings and sinking funds, the guaranteed amount is $45.6 billion. Commercial paper and standby lines of credit are also guaranteed by the Québec government.
Debts other than bonds and medium-term notes totaling a discounted amount of $1,774 million are not guaranteed by the Québec government.
The Hydro‑Québec debt guaranteed by the Québec government excludes its subsidiaries and joint ventures.
|Rating agencies||Long-term debt||Commercial paper||Outlook/Trend|
|S&P Global Ratings||AA-||A-1+||N/A*|
|DBRS Morningstar||AA (low)||R-1 (middle)||Stable|
* S&P Global Ratings does not provide an outlook for Hydro-Québec’s credit rating.
Hydro-Québec has a sustainability vision that goes well beyond the environment. The Company strives to have stakeholders participate in its decisions. It is also determined to contribute to Québec’s economic vitality.
- Supplying clean, renewable energy to help ensure quality of life.
- Meeting people’s electricity needs in a sustainable way.
- Using resources wisely and preserving the quality of the environment for future generations.
Soon after it was first established in 1944, Hydro–Québec significantly developed its generating capability to meet growing electricity demand. It embarked on an extensive building phase and reached agreements to acquire independent power distributors.
In the early 1970s, when construction in the Baie‑James region is under way, Hydro–Québec’s name is well established on the leading financial markets.
From 1979 to 1981, Hydro–Québec is the fourth-largest borrower on the U.S. public bond market. The company’s borrowing program reaches a high point in 1991, with requirements totalling $5.9 billion.
- As at December 31, 2020.
- The major debt issues described in this section do not represent the totality of Hydro-Québec's borrowings.
How can we help you?
For questions regarding Hydro-Québec’s financing, view our FAQ or contact the Investor Relations teamContact us
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