Hydro-Québec signs $1.5B power deal with Vermont utilities

[bananas]

Source: Montreal Gazette

Hydro-Québec signed a $1.5-billion memorandum of understanding Thursday to supply electricity to two Vermont utilities for 26 years, starting in 2012.

And the Quebec utility could cash in on another power deal with Vermont in the event Vermont Yankee, the state's only nuclear reactor, shuts down.

Premier Jean Charest called the agreement, which should be finalized by June, "win-win" and said in addition the Vermont legislature is considering a bill to recognize large hydro projects as green energy.

At present, electricity produced by large dams is considered not renewable energy by several U.S. states.

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Read more: http://www.montrealgazette.com/technology/Hydro+Qu%C3%A9bec+signs+power+deal+with+Vermont+utilities/2671643/story.html

[Oregone]

1. LOL! Socialistic Canadian entity sucking money out of the states

But, but....the private market can do it best! They are more innovative!

Layers of irony here. Looks like the people of Quebec are going to be profitting as a whole from their ownership, which is awesome.

Im a proud BC Hydro customer (and owner actually). I find it funny that the US is so terrified of this model in so many sectors (most notably, health insurance)

[ConcernedCanuk]

2. This disturbs me

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I didn't find particulars in the article

but I DO know that when we had that big blackout up here a few years back that we paid FIVE times the price for hydro to be shipped up back here from New York.

which has utilities powered by natural gas powered by supplies from Canada

We have been sold out of our resources by our governments for decades to the USA

USA gets better prices than WE do

I bethinkin' that we are becoming a whore to the USA

Our government has been selling us out

I ain't happy