Type | Crown Corporation |
---|---|
Industry | Energy |
Founded | St. John's, Newfoundland and Labrador (2007) |
Defunct | 2021 |
Successor | Newfoundland and Labrador Hydro |
Headquarters | St. John's, Newfoundland and Labrador, Canada |
Key people | Stan Marshall (President & CEO) [1] Brendan Paddick (Chair of the Board) [2] |
Revenue | Can$1 Billion (2019) [3] |
Can$132 Million (2018) [3] | |
Total assets | Can$19.3 Billion (2018) [3] |
Owner | Government of Newfoundland and Labrador |
Website | www |
Nalcor Energy was an energy corporation which headquartered in St. John's, Newfoundland and Labrador. A provincial Crown corporation under the Government of Newfoundland and Labrador, Nalcor Energy was created in 2007 to manage the province's energy resources. The company has distinct business lines comprising Newfoundland and Labrador Hydro, the Churchill Falls Generating Station, the Lower Churchill Project, energy marketing, oil and gas development, and The Bull Arm Fabrication Site. [3]
On June 23, 2021, Premier Andrew Furey announced Nalcor Energy would be dismantled and folded into Newfoundland and Labrador Hydro. [4]
Newfoundland and Labrador Hydro, commonly shortened to "Hydro", is the Nalcor subsidiary that generates and delivers electricity for Newfoundland and Labrador, as well as parts of Quebec and the north-eastern United States. It also delivers voice and data telecommunications services to customers in some areas. [5] [6]
Hydro itself is the parent company of the Hydro Group of Companies, which comprises
The Churchill Falls Generating Station is one of the largest underground powerhouses in the world. The plant has 11 turbines with a rated capacity of 5,428 megawatts. [7] Nalcor controls a 65.8% share of the Churchill Falls Labrador Corporation Limited, the owner of the Churchill Falls station while Quebec's government-owned utility, Hydro-Québec, owns the remaining shares.
The Lower Churchill Project is a planned project to develop the remaining 35 per cent of the Churchill River, that has not already been developed by the Upper Churchill Falls Generating Station. The Lower Churchill's two installations at Gull Island and Muskrat Falls will have a combined capacity of over 3,000 MW. [8] [9]
Nalcor Energy's Oil and Gas division holds and manages oil and gas interests in the Newfoundland and Labrador onshore and offshore oil developments. The company is currently a partner in three offshore developments - the Hebron oil field, the White Rose Growth Project and the Hibernia Southern Extension. [10] A $20 million onshore drilling exploration program in Parsons Pond in western Newfoundland is also being operated by Nalcor - Oil and Gas. [11]
The Bull Arm Fabrication site was developed in the early 1990s and is Atlantic Canada's largest industrial fabrication site. The site is located 150 kilometers west of St. John's, Newfoundland and Labrador. The Hibernia oil field's gravity base structure was constructed at the site, as well work on the two Floating Production Storage and Offloading (FPSO) vessel's for the Terra Nova oil field and the White Rose oil field were done here. [12]
Labrador is a geographic and cultural region within the Canadian province of Newfoundland and Labrador. It is the primarily continental portion of the province and constitutes 71% of the province's area but is home to only 6% of its population. It is separated from the island of Newfoundland by the Strait of Belle Isle. It is the largest and northernmost geographical region in the four Atlantic provinces.
Daniel E. Williams is a Canadian politician, businessman, and lawyer who served as the ninth premier of Newfoundland and Labrador between November 6, 2003, and December 3, 2010.
Roger D. Grimes is a Canadian politician from Newfoundland and Labrador. Grimes was born and raised in the central Newfoundland town of Grand Falls-Windsor.
Hibernia is an oil field in the North Atlantic Ocean, approximately 315 kilometres (196 mi) east-southeast of St. John's, Newfoundland, Canada, in 80 m of water.
Newfoundland and Labrador 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.
Churchill Falls (Labrador) Corporation Limited, also known as CF(L)Co or CFLco is a Canadian electric company. The company was founded in 1961 and is based in St. John's, Newfoundland and Labrador. Churchill Falls (Labrador) Corporation Limited operates as a subsidiary of Newfoundland and Labrador Hydro.
The electricity sector in Canada has played a significant role in the economic and political life of the country since the late 19th century. The sector is organized along provincial and territorial lines. In a majority of provinces, large government-owned integrated public utilities play a leading role in the generation, transmission, and distribution of electricity. Ontario and Alberta have created electricity markets in the last decade to increase investment and competition in this sector of the economy.
Nova Scotia Power Inc. is a vertically integrated electric utility in Nova Scotia, Canada. It is privately owned by Emera and regulated by the provincial government via the Nova Scotia Utility and Review Board (NSUARB). Nova Scotia Power Inc provides electricity to 520,000 residential, commercial and industrial customers in Nova Scotia.
Muskrat Falls was a natural 15-metre (49 ft) waterfall located on the Churchill River about 25 kilometres (16 mi) west of Happy Valley-Goose Bay, Labrador.
Dwight Ball is a Canadian politician who was the 13th premier of Newfoundland and Labrador from December 14, 2015, to August 19, 2020, and an MHA. He represented the electoral district of Humber Valley in the Newfoundland and Labrador House of Assembly, and was the leader of the Liberal Party from November 17, 2013 to August 3, 2020.
According to the International Hydropower Association, Canada is the fourth largest producer of hydroelectricity in the world in 2021 after the United States, Brazil, and China. In 2019, Canada produced 632.2 TWh of electricity with 60% of energy coming from Hydroelectric and Tidal Energy Sources).
The Churchill Falls Generating Station is a hydroelectric underground power station in Labrador. At 5,428 MW, it is the sixteenth largest in the world, and the second-largest in Canada, after the Robert-Bourassa generating station in northwestern Quebec.
The Muskrat Falls Generating Station is a hydroelectric generating station in the Labrador region of Newfoundland and Labrador, Canada. It comprises part of the remaining 35 per cent of the Churchill River that was not developed by the Churchill Falls Generating Station. The station at Muskrat Falls has a capacity of over 824 MW and provides 4.5 TWh of electricity per year.
Central Labrador is the most populous region of Labrador, Canada, that extends from the shores of Lake Melville into the interior. It is also home to Happy Valley – Goose Bay, the largest community in Labrador.
Al Hawkins is a Canadian politician, who was elected to the Newfoundland and Labrador House of Assembly in the 2015 provincial election. He represented the electoral district of Grand Falls-Windsor-Buchans as a member of the Liberal Party until 2019.
The 2016 Newfoundland and Labrador budget protests were a series of protests in the Canadian province of Newfoundland and Labrador. The protests were in opposition to the provincial budget proposed by Finance Minister Cathy Bennett which will implement tax-hikes and cuts to many public service jobs. The protests were a major part of the financial crisis in Newfoundland and Labrador.
Lela Margaret Ann Evans is a Canadian politician, who was elected to the Newfoundland and Labrador House of Assembly in the 2019 provincial election. She represents the electoral district of Torngat Mountains as a New Democrat, having previously been elected as a Progressive Conservative. She was re-elected in the 2021 provincial election.