Newfoundland and Labrador Hydro (Hydro) is a Crown Corporation, owned by the of Newfoundland and Labrador. Hydro is the parent company of the Hydro Group of Companies (Hydro Group) comprised of Newfoundland and Labrador Hydro, Churchill Falls (Labrador) Corporation Limited (CF(L)Co), Lower Churchill Development Corporation Limited (LCDC), Gull Island Power Company Limited (GIPCo), and Twin Falls Power Corporation Limited (TwinCo).

The Hydro Group's installed generating capacity of 7,288 megawatts (MW) makes it the fourth largest of all power utilities in Canada. Its power generating assets include the Churchill Falls Generating Station which is one of the largest underground powerhouses in the world with a rated capacity of 5,428 MW, one oil-fired plant, four gas turbines, 26 diesel plants and, including Churchill Falls, 10 operating hydroelectric plants.

With a dedicated workforce of 1,144 full-time equivalent employees, Hydro is the Province’s main energy provider with electrical sales of 39,181 gigawatt hours (GWh) in 2005; 9,011 GWh for domestic use and 30,170 GWh for export. The company also maintains over 4,780 km of transmission lines.

Hydro continues to be focused on delivering safe, reliable, least-cost power in an environmentally responsible manner to residents, businesses and industrial customers in Newfoundland and Labrador. In 2005, our shareholder, the Province of Newfoundland and Labrador, gave Hydro an expanded mandate to grow our business and to pursue new energy opportunities. With our shareholder and Board of Directors aligned on strategic goals, the company restructured to pursue opportunities in Labrador hydro developments, alternative energy, and oil and gas, while still maintaining a strong focus on its core business, providing least-cost power to Newfoundlanders and Labradorians.

There are currently four distinct business areas within Hydro: Regulated Operations; Churchill Falls Operations; Lower Churchill Development Project; and Business Development. The potential of each is fueled by vision and energy.

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