Report on Churchill Falls MOU says deal not in N.L.’s best interest: Source
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Article Excerpt
A memorandum of understanding (MOU) related to the sale of power from the Lower Churchill hydroelectric project is not in Newfoundland and Labrador's best interest, according to a source familiar with the report.
The source said that while the deal would bring significant economic benefits to both Nova Scotia and Quebec, it would come at too great a cost to Newfoundland and Labrador. The report, which has not yet been made public, was prepared for the provincial government as part of its review of the MOU.
"The terms of this agreement are certainly not in our best interest," said the source,…
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Jun 3, 2026