Independent Power and Renewable Electricity Producers
Company Overview of Hydro-Quebec
Hydro-Québec generates, transmits, and distributes electricity to residential, commercial, institutional, industrial, and other customers in Canada. The company operates in four segments: Generation, Transmission, Distribution, and Construction. The Generation segment develops and operates generating facilities; and sells electricity on external markets, as well as engages in arbitraging transactions. This segment’s generating fleet comprises 61 hydroelectric and 1 thermal generating station with an installed capacity of 36.5 gigawatts; and 27 reservoirs with a combined storage capacity of 176 terawatthour, as well as 668 dams and 98 control structures. The Transmission segment develops and ...
75, boulevard René-Lévesque Ouest
Montreal, QC H2Z 1A4
Key Executives for Hydro-Quebec
Chief Executive Officer, President, Director, Member of Executive Committee, Member of Finance Committee, Member of Environment & Public Affairs Committee and Member of Pension Plan Financial Management Committee
Chief Financial Officer and Executive Vice President
Chief Executive Officer of Société D'énergie De La Baie James, President of Société D'énergie De La Baie James and President of Hydro-Québec Équipement Et Services Partatgés
President of Hydroquébec Transénergie
President of Hydro-Québec Production
Compensation as of Fiscal Year 2015.
Hydro-Quebec Key Developments
Hydro-Quebec Eyes Acquisitions
Feb 5 16
Hydro-Quebec would consider foreign acquisitions and believes it would be a good opportunity for growth in the coming years, in the same way that exporting electricity would be. Éric Martel, President of the provincial utility, let the plans be known in front of the Board of Trade of Metropolitan Montreal on Thursday and with a media briefing that followed the event. “I think we are realizing that there would be a value in exporting our expertise, to have assets outside Quebec, too, and assets that will increase in value over time,” Martel said. “We are in a situation where the world of energy (companies) is in upheaval and that gives us the chance to have some opportunities.”
Hydro-Quebec Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 13 15
Hydro-Quebec announced financial results for the third quarter and nine months ended September 30, 2015. For the quarter ended September 30, the company reported a net result of $339 million, compared to $329 million in 2014. This rise is mainly due to a $68 million increase in net electricity exports as a result of volume growth of 1.9 TWh.
For the nine months, the company reported net result of $2.5 billion. In a context marked by very cold winter temperatures, it totaled $2,472 million for the nine-month period ended September 30, 2015, compared to $2,545 million in 2014. Net electricity exports increased by $102 million as a result of volume growth of 3.1 TWh. However, this increase was offset by a $94 million decrease in supplies provided by Hydro-Québec Production to Hydro-Québec Distribution, due in part to lower market prices in winter 2015 that benefited Québec customers.
Hydro-Quebec Reports Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2015
Sep 14 15
Hydro-Quebec reported unaudited consolidated earnings results for the second quarter and first half ended June 30, 2015. For the quarter, the company reported revenue of CAD 2,901 million against CAD 2,852 million a year ago. Operating results was CAD 982 million against CAD 1,080 million a year ago. Net result was CAD 341 million against CAD 460 million a year ago. Net cash from operating activities was CAD 2,133 million against CAD 1,886 million a year ago. Additions to property, plant and equipment was CAD 840 million against CAD 893 million a year ago. Additions to intangible assets were CAD 26 million against CAD 40 million a year ago.
For the first half, the company reported revenue of CAD 7,501 million against CAD 7,468 million a year ago. Operating results was CAD 3,374 million against CAD 3,434 million a year ago. Net result was CAD 2,129 million against CAD 2,210 million a year ago. Net cash from operating activities was CAD 3,163 million against CAD 2,533 million a year ago. Additions to property, plant and equipment was CAD 1,425 million against CAD 1,600 million a year ago. Additions to intangible assets were CAD 53 million against CAD 73 million a year ago.
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