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Newfoundland Power Inc. is an electric utility owned by Fortis Inc. which is the primary retailer of electric power in the Canadian province of Newfoundland and Labrador.The company was formed by the Royal Securities Corporation of Montreal in 1924 as the Newfoundland Light & Power Company.
Newfoundland Power, a subsidiary of St. John's-based Fortis Inc., is the retailer of electricity for most customers in the province. Newfoundland and Labrador Hydro , a Crown corporation , owns and operates most generation, the transmission grid and sells directly to large industrial customers.
In 1975, the Newfoundland and Labrador Power Commission, a crown corporation originally established to assist in rural electrification, was renamed Newfoundland and Labrador Hydro Corporation. Newfoundland and Labrador Hydro is the parent company of the Hydro Group of Companies, which comprises Churchill Falls (Labrador) Corporation Limited (CFLCo)
Ontario’s electricity distribution consists of multiple local distribution companies (LDCs). Hydro One, a publicly-traded company owned in part by the provincial government, is the largest LDC in the province and services approximately 26 percent of all electricity customers in Ontario.
FortisAlberta Inc., a holding company for assets purchased from Aquila, Inc. Central Hudson Gas & Electric, a utility in New York; Tucson Electric Power and UniSource Energy Services, utilities in Arizona; Newfoundland Power, serving 85% of the population of Newfoundland and Labrador; Fortis' original operating electric power subsidiary
A provincial Crown corporation under the Government of Newfoundland and Labrador, Nalcor Energy was created in 2007 to manage the province's energy resources. The company had distinct business lines comprising Newfoundland and Labrador Hydro , the Churchill Falls Generating Station , the Lower Churchill Project , energy marketing, oil and gas ...
The total length is 1,100 km, of which 30 km are submarine power cables under the Strait of Belle Isle. [17] Construction began in 2014 and ended in 2018. [18] Power is transmitted from Stephenville on Newfoundland to Nova Scotia via a 200 kV 180 km sub-sea line to Point Aconi on Cape Breton Island with a capacity of 500 MW.
Newfoundland Chocolate Company: Chocolatier: Newfoundland and Labrador 2008 Newfoundland Power Inc. Electricity generation & distribution Newfoundland and Labrador 1924 Newfoundland and Labrador Hydro: Electricity generation & distribution Eastern Canada and North-eastern United States: 1954 Newfoundland and Labrador Liquor Corporation: Retail ...