Quote:
Originally Posted by redforever
Quebec's hydro cost to its consumers is half that of Ontario. Why?
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Because of the sweetheart deal that Quebec negotiated (blackmailed) with Newfoundland in 1968 re the Churchill Falls hydro power. Basically Nfld got royally screwed over that one.
Quote:
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The infamous Churchill Falls hydro agreement - giving Quebec long-term access to discount-priced power from Newfoundland and Labrador - was not only a bad financial deal for Newfoundland, it was also signed under coercive conditions, which may raise "substantive questions of business ethics and law," according to newly released research on the 1968 deal.
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http://www.canada.com/montrealgazett...f-6a8b7d004957