Business Resources: A New Deal to Develop Churchill Falls & Gull Island
Category: In The News
Sep 2026
The Government of Newfoundland and Labrador has reached historic agreements with both Quebec and the Federal Government to replace both the 1969 Churchill Falls Power Contract and the December 2024 Memorandum of Understanding (MOU) between Newfoundland and Labrador Hydro, Hydro-Quebec and CF(L)co with a new and better deal that will ensure Newfoundland and Labrador remains the primary beneficiary of its own resources.
Today, the Honourable Tony Wakeham, Premier of Newfoundland and Labrador, joined the Right Honourable Mark Carney, Prime Minister of Canada, and the Honourable Christine Fréchette, Premier of Quebec, and representatives from Newfoundland and Labrador Hydro and Hydro-Quebec to announce a new deal to develop Churchill Falls and Gull Island, while delivering more power, more value and more transmission for the people of the province.
Learn more:
https://www.abetterdealnl.ca/
LNCC Synopsis of Technical Briefing – August 19, 2026
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