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Churchill Falls (Labrador) Corporation files appeal application with the Supreme Court of Canada on the Good Faith case

October 3, 2016

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

Independent Resource Assessment identifies significant potential in the West Orphan Basin offshore Newfoundland and Labrador

August 24, 2016

The Government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab announced today that the in place oil and gas resource potential is 25.5 billion barrels of oil and 20.6 trillion cubic feet of gas in the West Orphan Basin located within the area of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) 2016 Eastern Newfoundland… Read More

Nalcor Board of Directors Publically Release Stan Marshall’s Employment Agreement

August 11, 2016

At a Nalcor Board meeting held Tuesday, August 9, 2016 the Executive Employment Agreement between Mr. Marshall and the Board of Directors was approved and signed. The Agreement outlines the terms of Mr. Marshall’s employment including his remuneration, expenses and benefits, pension, termination and conflict of interest clauses. The signed agreement has been made publically… Read More

Nalcor Energy Reports Second Quarter Financial Results

August 11, 2016

Nalcor Energy today released its financial update for the second quarter ended June 30, 2016. “Nalcor’s overall financial performance year-to-date has been positive, with earnings up in most lines of business,” said Stan Marshall, CEO. Mr. Marshall added, “Making adjustments on the Muskrat Falls Project to ensure that we are set up to execute effectively… Read More

Churchill Falls (Labrador) Corporation receives Quebec Superior Court decision on the Declaratory Judgement Case

August 9, 2016

Churchill Falls (Labrador) Corporation (CF(L)Co) yesterday received the decision from the Quebec Superior Court for the Declaratory Judgement motion Hydro-Québec filed seeking the Court’s interpretation of the 1969 Power Contract between CF(L)Co and Hydro- Québec and its associated Renewal Contract. A hearing was held in the Quebec Superior Court in the fall of 2015 and… Read More

Churchill Falls (Labrador) Corporation receives Quebec Court of Appeal decision on the 1969 Power Contract

August 1, 2016

Churchill Falls (Labrador) Corporation (CF(L)Co) today received the decision from the Quebec Court of Appeal with respect to the motion it filed in February 2010 regarding the inequities of the 1969 Power Contract between CF(L)Co and Hydro-Québec and its Renewal. In August 2014, CF(L)Co filed an appeal of the Quebec Superior Court Good Faith decision… Read More

Nalcor Energy releases first offshore Metocean study reducing exploration uncertainty for global oil industry

June 18, 2016

Nalcor Energy Oil & Gas today released the results of the first regional Metocean study for offshore Newfoundland and Labrador to the global oil and gas industry. The Metocean Study looked at seven conditions in the provinces offshore to better understand the conditions in order to reduce exploration risk and uncertainty. The study was undertaken… Read More

Nalcor CEO Announces Organizational Changes

June 15, 2016

Stan Marshall, CEO, Nalcor Energy, today announced changes to the company’s executive structure. “Since taking on the role of CEO of Nalcor Energy, I’ve been assessing the company’s operations and existing executive structure and feel changes are required to put greater emphasis on our company’s priorities,” said Marshall. “These priorities are to ensure successful completion… Read More

Nalcor Energy reports first quarter results

May 13, 2016

Nalcor Energy released its financial update for the first quarter ended March 31, 2016 today. Key First Quarter Financial Highlights – YTD profit of $28.0 million, a decrease of $1.3 million over the first quarter of 2015, largely as a result of an increased loss in Hydro Regulated and offset partially by lower operating costs…. Read More

Statement from Ed Martin, CEO, Nalcor Energy

April 20, 2016

Over the past week, there has been considerable public discussion about Nalcor Energy, the Muskrat Falls project and my tenure as CEO. Today I’m taking the opportunity to address some of those issues. Before coming to work at Nalcor, I worked in the oil and gas industry in the Nova Scotia offshore and Calgary before… Read More