Hydro-Québec
Hydro-Québec is a Canadian Crown corporation public utility headquartered in Montreal, Quebec. It manages the generation, transmission and distribution of electricity in Quebec, as well as the export of power to portions of the Northeast United States. More than 40 percent of Canada’s water resources are in Quebec and Hydro-Québec is the fourth largest hydropower producer in the world.
| Company type | Crown corporation |
|---|---|
| Industry | Electric utilities |
| Founded | April 14, 1944 |
| Headquarters | Hydro-Québec Building, Montreal, Quebec , Canada |
Area served | Quebec |
Key people |
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| Products | Electric power generation, electric power transmission, electricity distribution |
| Revenue | CA$14.310 billion |
| CA$5.904 billion | |
Net income | CA$3.192 billion |
| Total assets | CA$76.989 billion |
Number of employees | 19,904 |
| Website | www |
It was established as a Crown corporation by the government of Quebec in 1944 from the expropriation of private firms. This was followed by massive investment in hydro-electric projects like the James Bay Project. Today, with 63 hydroelectric power stations, the combined output capacity is 37,370 megawatts. Extra power is exported from the province and Hydro-Québec supplies 10 per cent of New England's power requirements. The company logo, a stylized "Q" fashioned out of a circle and a lightning bolt, was designed by Montreal-based design agency Gagnon/Valkus in 1960.
In 2018, it paid CA$2.39 billion in dividends to its sole shareholder, the Government of Quebec. Its residential power rates are among the lowest in North America.