Newfoundland and Labrador Hydro
Energy generation company in parts of Canada and the United States / From Wikipedia, the free encyclopedia
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Newfoundland and Labrador Hydro (NL Hydro), commonly known as Hydro, is a provincial Crown corporation that generates and delivers electricity for Newfoundland and Labrador, as well as portions of Quebec and the north-eastern areas of the United States. Between 2007 and 2021, NL Hydro was a subsidiary of the provincial Crown-owned energy holding company Nalcor Energy.
This article needs additional citations for verification. (August 2014) |
Formerly | Newfoundland and Labrador Power Commission |
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Company type | Crown Corporation |
Industry | Electricity generation & distribution |
Founded | St. John's, Newfoundland and Labrador (1954) |
Headquarters | St. John's, Newfoundland and Labrador, Canada |
Key people | Jennifer Williams, President |
Products | Electricity |
Revenue | $493,500,000 CAD |
Owner | Government of Newfoundland and Labrador |
Number of employees | 1,150 (2005) |
Subsidiaries | Churchill Falls (Labrador) Corporation Limited Lower Churchill Development Corporation Limited Gull Island Power Company Limited Twin Falls Power Corporation Limited |
Website | www.nlh.nl.ca |
Newfoundland and Labrador Hydro's installed generating capacity, 8034 megawatts (MW), is the fourth largest of all utility companies in Canada. Generating assets consist of 16 hydroelectric plants, including the Churchill Falls hydroelectric plant, which is the second largest underground power station in the world, with a rated capacity of 5,428 MW of power, one oil-fired plant, four gas turbines and 26 diesel plants. Every year, Hydro generates and transmits over 80% of the electrical energy consumed by Newfoundlanders and Labradorians – over 6,487 GWh of energy in 2004. Hydro also distributes power directly to 35,000 customers in rural Newfoundland and Labrador.
In 1975, the Newfoundland and Labrador Power Commission, a crown corporation originally established to assist in rural electrification, was renamed Newfoundland and Labrador Hydro Corporation.
Newfoundland and Labrador Hydro is the parent company of the Hydro Group of Companies, which comprises
- Churchill Falls (Labrador) Corporation Limited (CFLCo)
- Lower Churchill Development Corporation Limited (LCDC)
- Gull Island Power Company Limited (GIPCo)
- Twin Falls Power Corporation Limited (TwinCo)