Quebec and Ontario sign $1-billion annual hydroelectricity agreement
MONTREAL — Quebec and Ontario officially signed a $1-billion hydroelectricity deal on Thursday that the premiers of both provinces said was historic and the beginning of an increased energy partnership in Central Canada.
Ontario Premier Kathleen Wynne and Quebec’s Philippe Couillard took part in the official signing ceremony for the deal, the details of which were announced in October.
Over a seven-year period, Ontario will be allowed to import up to two terawatt hours of electricity annually from Quebec — or enough energy to power a city of roughly 200,000 people.
“This is a historic deal, the first of its kind and the continuation of the resurgence of the influence of Central Canada,” Couillard said.