Nalcor Energy Churchill Falls advises the public of a controlled water release to occur from the upper Churchill reservoir at the Jacopie Spillway commencing on October 18, 2018 and lasting approximately two weeks. This controlled release is to ensure we continue to maintain safe water levels in the reservoir. During the controlled release, water levels… Read More
Nalcor Energy releases second quarter financial results August 22, 2018, St. John’s, NL – Nalcor Energy today reported its financial results for the second quarter of 2018. “In the second quarter of 2018, we achieved a significant milestone – the first flow of electricity from the Churchill Falls Generating Plant over the Labrador-Island Link. This… Read More
April 19, 2018, St. John’s, NL – Nalcor Energy released its annual Business and Financial Report today, including the Annual Audited Consolidated Financial Statements for the year ended December 31, 2017. “Nalcor’s overall financial performance in 2017 reflects the hard work and dedication of our employees and their commitment to developing and managing Newfoundland and… Read More
Today marks a significant change to our island electricity grid and the way we deliver energy to our island electricity customers. Teams from Nalcor and Newfoundland and Labrador Hydro (Hydro), along with Emera and Nova Scotia Power, have worked hard to successfully bring energy over Emera’s new Maritime Link transmission line to the island. The… Read More
Nalcor Energy Exploration Strategy System (NESS) brings together multiple sources of information into one location June 27, 2017, St. John’s, NL – Nalcor Energy has launched the latest version of its Nalcor Energy Exploration Strategy System (NESS). This state-of-the-art, web-based application is the first of its kind in Newfoundland and Labrador and is available to… Read More
March 30, 2017, St. John’s, NL – Nalcor Energy released its annual Business and Financial Report today, including Annual Audited Consolidated Financial Statements for the year ended December 31, 2016. Nalcor recorded revenues of $824.1 million in 2016, an increase of approximately $13.6 million over the previous year. Operating profit for 2016 was $136.3 million,… Read More
Atlantic Canada’s largest industrial fabrication site March 9, 2017, St. John’s, NL – Today Nalcor Energy has issued a request for Expressions of Interest (EOI) across local, national and international markets to invite and assess interest for the potential use of the Bull Arm Fabrication facility following the completion of ExxonMobil Canada Properties lease in… Read More
Today I welcome the appointments made to the Nalcor Energy Board of Directors as identified by the Independent Appointments Commission and announced in the House of Assembly by Minister Coady on behalf of the Provincial Government. With its eleven members, and chaired by Mr. Paddick, the new Board brings the range of experience required to… Read More
Nalcor Energy released its financial results update for the third quarter (ended September 30, 2016). “Nalcor’s financial position to the end of the third quarter 2016 is very sound. Construction of the Muskrat Falls Project did suffer a major disruption in October due to protests. We are focused on getting back on track and completing… Read More
On Friday, September 30, 2016, Churchill Falls (Labrador) Corporation (CF(L)Co) filed an application for leave to appeal with the Supreme Court of Canada on the decision it received from the Quebec Court of Appeal on August 1, 2016, regarding the disparities of the 1969 Power Contract and the associated Renewal Contract between CF(L)Co and Hydro-Québec… Read More