Since 2009, Nalcor has sold electricity from existing and future developments while also building its expertise in competitive energy markets in both Canada and the United States. The current portfolio includes recall power not required by Hydro to meet demand in Labrador.
In 2010, Nalcor’s energy marketing focus was maximizing the value of current assets, building reputation and expertise while positioning itself to meet our longer-term energy marketing needs. Nalcor’s energy portfolio will continue to grow over the coming years with the development of the Lower Churchill Project and increased production from Nalcor’s offshore oil and gas interests.
Nalcor will continue to develop its energy marketing capability and pursue opportunities to increase the overall value of its current portfolio.