Hydro-Quebec resold Churchill Falls power at nine times its purchase price

Evidence

Hydro-Quebec made a good chunk of change on the deal. The company has been able to sell the power at nine times its purchasing price. Not a bad deal. Newfoundland’s revenues are estimated to be 70 to 80 million per year. Hydro-Quebec’s revenues were approximately $750 million in 1976 from the same dams. — Winona LaDuke, All Our Relations, 335