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Webb says when Muskrat Falls was sanctioned in 2012, it had been developed as a way for Newfoundland and Labrador to cut Quebec’s hydro utility out of its energy future and take care of its own needs.Under the Churchill Falls deal, Hydro-Québec can purchase 85 per cent of the power generated at the Labrador dam at a fixed rate of just 0.2 cents per kilowatt hour.
On Wednesday, Legault said Quebec was open to paying more for the electricity generated from Churchill Falls — before 2041 — in exchange for a “very advantageous” price for power when the existing agreement ends in 18 years.
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