Expert: Hydro-Quebec seals $2 billion deal to buy New England power firm
Canada’s Hydro-Quebec agreed to buy Great River Hydro LLC and its 13 hydroelectric generating stations in a $2 billion deal, expanding its footprint in the northeastern US where it’s been supplying electricity for decades. (Bloomberg)
Here is an expert from McGill University who can provide comment on this topic:
François Bouffard, Associate Professor and William Dawson Scholar, Department of Electrical and Computer Engineering
“Hydro-Québec’s acquisition of Great River Hydro is in line with its 2020 partnership struck with Innergex and with their joint acquisition of 60 MW of hydro generation in the State of New York in 2021. The corporation is looking to diversify its asset portfolio and increase its revenues in markets where are high electricity prices are the norm. This acquisition will also allow Hydro-Québec to increase its participation in the energy transition of the Northeast of the continent.”
François Bouffard is an Associate Professor and William Dawson Scholar in the Department of Electrical and Computer Engineering. His research interests are in the fields of power system economics, reliability, control and optimization.
Francois.bouffard [at] mcgill.ca (English, French)