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.