Newfoundland and Labrador Hydro (Hydro) is a Crown Corporation, owned by the Province of
Newfoundland and Labrador. With a dedicated workforce of 1190 full-time equivalents, including
Churchill Falls (Labrador) Corporation (CF(L)Co.), Hydro generates, transmits and distributes
electrical power and energy to utility, industrial and residential customers
throughout the Province.
Founded in 1954 as the Newfoundland Power Commission, with a mandate to promote rural
electrification, Hydro was established as a Crown Corporation in 1975 and is currently governed by
the Hydro Corporation Act and the Electrical Power Control Act. Hydro has a mandate to deliver
reliable, least cost energy to the residents and industry in 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, Lower Churchill Development
Corporation Limited (LCDC), Gull Island Power Company Limited (GIPCo.), and Twin Falls Power
Corporation Limited (Twin Falls).
The Hydro Group's installed generating capacity is the fourth largest of all utility companies in
Canada. Our power generating assets include 10 operating hydroelectric plants, one oil-fired plant,
four gas turbines, 28 diesel plants and the Churchill Falls Hydroelectric Generating Station, the
largest underground powerhouse in the world with a rated capacity of 5,428 megawatts (MW) of power.
Hydro also maintains over 4,700 km of transmission lines and over 3,600 km of lower voltage
Every year, Hydro generates over 80 per cent of the electrical energy consumed by Newfoundlanders
and Labradorians. We are an integral part of the Province's electrical system. Hydro also distributes
power directly to 35,000 customers in rural Newfoundland and Labrador, which represents about 15 per
cent of the Province's electrical consumers. The challenge of providing power to rural, and often
remote, communities that experience challenging weather conditions cannot be overstated. It is a
balancing act of cost and reliability to meet the expectations of our customers. We continue to strive
for operating efficiencies while providing quality service to our customers and making the right
strategic investments to maximize performance.
Hydro engaged in a number of important initiatives and achieved significant milestones in 2003. From
a year of record sales, another multi-faceted rate hearing, to the commissioning of the Granite Canal
Hydroelectric Generating Station, the past year has certainly reflected the complexity of our operating
environment. Despite the challenges, we are proud of our record of service and we will strive for
continual improvement in all areas of our operation as we meet the energy needs of Newfoundland