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Company nameHydro-Québec
Company typeGovernment-owned corporation
IndustryElectric Utilities
FoundedApril 14, 1944
HeadquartersMontreal, Quebec
Area servedQuebec
Key peopleThierry Vandal,
President & CEO
ProductsElectricity generation, transmission and distribution
RevenueC$12.34 billion (2010)
(+) 0.0% from 2009
Operating incomeC$5.04 billion (2010)
(-) 4.5% from 2009
Net incomeC$2.52 billion (2010)
(-) 12.4% from 2009
Total assetsC$65.90 billion (2010)
Total equityC$18.57 billion (2010)
Owner(s)Government of Quebec
Employees23,659 (2010)

     Home | Company | Hydro-Quebec

Hydro-Québec is a government-owned public utility established in 1944 by the Government of Quebec. Based in Montreal, the company is in charge of the generation, transmission and distribution of electricity across Quebec.

With sixty hydroelectric and one nuclear generating stations, Hydro-Québec is the largest electricity generator in Canada and the world's largest hydroelectric producer. The combined capacity of its power stations was 36,671 megawatt (MW) and its distribution network served over 4 million customers in 2010.

The development of several large-scale hydroelectric projects which took place non-stop from the late 1940s to the mid-1990s - the Bersimis, Carillon, Manic-Outardes, Churchill Falls and the two phases of the James Bay Project - allowed Quebec to reduce its reliance on fossil fuels. In 2006, primary electricity accounted for 40.4% of all energy used in the province. However, the construction and operation of these projects has led to conflicts with aboriginal populations living in Quebec's North.

Hydro-Québec has played a "nearly mythical role" in Quebec's economic development since its establishment, with its sustained capital investments, by fostering local engineering expertise and by its capacity to generate large quantities of electricity at low prices.

Increasing energy costs and the growing international consensus on climate change had a positive impact on Hydro-Québec's balance sheet in the last decade. Between 2006 and 2010, the company paid C$10.7 billion in dividends to its shareholder, while keeping Quebec power rates among the lowest in North America.

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