Characteristic | Number of employees |
---|---|
2020 | 20,011 |
2019 | 19,477 |
2018 | 19,904 |
2017 | 19,786 |
Who are Hydro Québec’s customers?
Currently, Hydro Québec focuses primarily on hydroelectric generation but has also begun to develop other renewable technologies such as wind energy and biomass. Households are the company’s largest customer group.
How much do Hydro-Québec executives make?
$487,261 $124,619 $1,829 $21,192 $5,724 $13,045 Marc Boucher President, Hydro-Québec TransÉnergie $476,278 $131,310 $5,000 $16,956 $5,774 $10,299 Jean-Hugues Lafleur Executive Vice President and Chief Financial and Risk Officer $436,800 $115,028 $5,000 $16,956 $5,890 $9,348
How did Hydro Quebec increase in capacity?
Between 1944 and 1962, Hydro-Québec's installed capacity increased from 616 to 3,661 MW while lowering residential power rates by half in the Montreal area. The spillway at the Robert-Bourassa generating station can deal with a water flow twice as large as the Saint Lawrence River.
What does Hydro-Québec Distribution do?
Distribution Hydro-Québec Distribution operates and develops Hydro-Québec’s distribution system and ensures the supply of electricity to the Québec market. It also carries on activities related to electricity sales in Québec, provides customer services and promotes energy efficiency.
Is Hydro-Québec a private company?
No. Hydro-Québec is a government-owned corporation whose sole shareholder is the Québec government. Hydro‑Québec meets its financing needs through the bond market.
How big is Hydro-Québec?
Hydro-Québec's generating fleet comprises 61 hydroelectric generating stations and 24 thermal plants with a total installed capacity of 37.2 GW. Its hydropower facilities also include 28 large reservoirs with a combined storage capacity of over 176 TWh, as well as 681 dams and 91 control structures.
Is Hydro-Québec a good employer?
The headquarters of Hydro-Québec in Montreal. Google, Hydro-Québec and Cisco systems have been ranked first, second and third among 300 employers named Canada's Best Employers 2020 by Forbes.
How much does Hydro-Québec make in a year?
We posted net income of $3,564 million, compared to $2,303 million in 2020. The dividend of $2,673 million we will pay to our sole shareholder, the Québec government, represents our biggest contribution to the provincial coffers to date.
Is Hydro-Québec profitable?
In financial results announced Thursday, the public utility had a net profit of $3.546 billion, an increase of 55 per cent compared to the $2.303 billion it saw in 2020. The higher profits mean Hydro-Québec sent its highest dividend ever to the Quebec government, at $2.673 billion.
How many customers does Hydro-Québec have?
four million Québec customersToday, the Hydro‑Québec grid delivers reliable electricity to over four million Québec customers and exports huge amounts of power to wholesale markets in the northeastern United States and neighboring Canadian provinces.
How does Hydro-Québec make money?
In 2017, production division generated 1.9B $ of net income (68.4%), transmission division 0.55B$ (19.4%), distribution division 0.33B $ (11.7%), and construction division did not generate any income. Hydro-Quebec redistributes all profits back to the government.
Who does Québec sell Hydro to?
New EnglandHydro‑Québec's export markets Hydro‑Québec operates 15 interconnections with Québec's neighboring markets: Ontario, New Brunswick, New York State and New England.
How much electricity does Québec sell?
In 2019, Quebec was the largest exporter of electricity to the U.S. of all Canadian provinces, with gross exports totalling 25.9 TWh.
How much of Quebec is powered by hydro?
Ninety-four percent of Québec's electricity generation comes from hydroelectric resources. Québec's electricity rates are among the lowest in North America. As a world leader in hydroelectricity and large electricity grids, this government corporation generates, transports and distributes electricity.
Where does Hydro-Québec get its power?
Almost all of Hydro-Québec's electricity supply comes from renewable energies generated in Québec, either by Hydro-Québec itself or by independent power producers, as well as from the hydropower generated by Churchill Falls generating station, which is located in Labrador and partly owned by Hydro-Québec.
Does Ontario import electricity from Quebec?
However, Ontario is a net importer from Quebec and Manitoba and the vast majority of imports into Ontario come from Quebec. In 2017, Ontario imported 6.6 TWh of electricity, 5.8 TWh of which came from Quebec, and exported 19.1 TWh, 16.6 TWh of which went to the U.S. markets of Michigan, New York and Minnesota.
Overview Suggest Edit
Hydro Québec is an organization that produces, transmits, and distributes electricity. It mainly uses renewable energies, more particularly hydroelectricity. Hydro Québec also does research in energy-related fields and is actively interested in energy efficiency.
Hydro Quebec Revenue
Hydro Quebec's revenue was reported to be C$13.59 b in FY, 2020 which is a 3% decrease from the previous period.
69.45k Twitter followers
Hydro Quebec has 69.45k Twitter Followers. The number of followers has increased 2% month over month and increased 3.1% quarter over quarter
Hydro-Québec and Nucleom sign a commercialization agreement for LineCore and LineOhm power line inspection sensors
Hydro-Québec has entered into a partnership agreement with Québec-based NucleomThis link will open a new window. This link will redirect you to an external site. for the industrialization and commercialization of the LineCore and LineOhm power line inspection technologies developed by the robotics e…
Hydro-Québec and Air Inuit sign a new 12-year contract
Hydro-Québec relies on three aircraft—two Dash 8 Q400 and one Dash 8 300—to transport employees to locations in Saguenay, Abitibi, Côte-Nord and Baie-James.
Québec approves the Appalaches-Maine Interconnection Line project
The government of Québec has given the green light to the Appalaches–Maine Interconnection Line project. This decision follows a 20-month environmental assessment process and a sustained collaborative effort between Hydro-Québec and local communities.
EVLO to deploy a 20-MWh battery energy storage system during transmission line work
EVLO Energy Storage Inc. announced today that it will deploy a 4-MW / 20-MWh battery energy storage system on the Hydro-Québec grid based on the lithium iron phosphate (LFP) battery technology.
When was Hydro Québec established?
Bruna Alves. Hydro Québec was established in April 1944 under the government in Québec after criticism from citizens on the high prices and profits of the electric sector in the province.
Why did Hydro Quebec set up an environmental protection committee in 1970?
Due to environmental concerns regarding large dams and reservoirs, Hydro Québec set up an environmental protection committee in 1970 to oversee and study the effects on surrounding wildlife. This text provides general information.
What is the largest hydroelectric dam in Canada?
Its Robert-Bourassa dam is also the largest hydroelectricity facility in Canada. In 2019, Hydro Québec's revenue came to about 14 billion Canadian dollars. This was more than double the revenue generated by its competitor Hydro One, which came to 6.5 billion Canadian dollars.
Does Hydro Quebec have electricity?
Hydro Québec currently serves over four million customers and has one of the lowest electricity rates in North America. If the company has an electricity surplus, the company will often sell part of the electricity to nearby systems in Canada and the United States.
How much was the 2019 165 million?
As at December 31, 2019, $(165) million was in consideration of amounts received or disbursed
(116) million as at December 31, 2018] with respect to agreements to limit the market value of the main portfolios of derivative instruments.
How many people were without electricity in 2019?
At the height of the storm, more than 4,000 outages were reported, leaving close to one million customers without electricity.
How many shares of Hydro One are there in Ontario?
In January 2018 the Ontario government announced they had sold over 14 million shares of Hydro One to OFN Power Holdings, a partnership controlled by 129 First Nations around the province. The shares represent 2.4% of outstanding common shares, reducing the government's stake in the company to approximately 47.4%.
How many subsidiaries does Hydro One have?
Hydro One is a holding company with four subsidiaries, the largest being Hydro One Networks. It operates 98% of the high voltage transmission grid throughout Ontario, and serves 1.4 million customers in rural areas across the province in its capacity as Ontario's largest distribution utility.
How does Hydro One work?
Hydro One works with the transmission and distribution network by connecting generating facilities operated by Ontario Power Generation, Bruce Power, and a number of other privately owned companies, to it. The generators deliver the electricity they generate at hydroelectric, natural gas, wind, solar and nuclear facilities to businesses and people across Ontario. The generators have different responsibilities than Hydro One. The power from generators connected to Hydro One’s high voltage system is transformed to more than 50 kV (50,000 volts). The transmission-connected generators are registered with the Independent Electricity System Operator (IESO). Transmission lines, strung between metal towers or concrete poles, are not as plentiful as their distribution lines, which are most commonly strung between wooden poles. The distribution system is connected to Hydro One’s generating facilities. It delivers the electricity generated at hydroelectric, wind and other facilities to businesses and people across Ontario. These distribution facilities work at voltages of 50 kV or less.
What is Hydro One?
Hydro One Limited is an electricity transmission and distribution utility serving the Canadian province of Ontario. Hydro One traces its history to the early 20th century and the establishment of the Hydro-Electric Power Commission of Ontario (renamed "Ontario Hydro" in 1974). In October 1998, the provincial legislature passed ...
When was Hydro One created?
Hydro One was created out of the Hydro-Electric Power Commission of Ontario (HEPC or Ontario Hydro), which was established in 1906 by the provincial Power Commission Act to build transmission lines to supply municipal utilities with electricity generated by private companies already operating at Niagara Falls.
Who owns Hydro One Brampton?
Hydro One Brampton was acquired by Alectra Utilities on February 28, 2017. In August 2014, Hydro One acquired the assets and customers of Norfolk Power. Timothy Hodgson was appointed chair of the board of Hydro One Limited August 1, 2019.
When did Ontario's power grid merge?
However, these transmission lines would only come into service in 1967. And by the start of the 1970s all of Ontario's power systems had merged, creating a province wide grid. 500,000 volt (centre) and 230,000 volt (far left and right) transmission lines in the Greater Toronto Area, for which Hydro One is responsible.
Overview
Corporate structure and financial results
CHARACTERISTIC | NUMBER OF EMPLOYEES |
---|---|
2020 | 20,011 |
2019 | 19,477 |
2018 | 19,904 |
2017 | 19,786 |
2016 | 19,552 |
2015 | 19,794 |
2014 | 20,043 |
2013 | 20,243 |
History
Activities
Hydro-Québec has created separate business units dealing with the generation, transmission, distribution and construction. In 2017, production division generated 1.9B $ of net income (68.4%), transmission division 0.55B$ (19.4%), distribution division 0.33B $ (11.7%), and construction division did not generate any income. Hydro-Quebec redistributes all profits back to the government. In …
Environment
Rates and customers
See also
Further reading