These past few years, exports have been very profitable for Hydro-Québec. In 2014, they generated profits of more than $800 million that went towards the company’s net income.
That revenue, entirely from outside Québec, benefits the entire Québec population, thanks to the dividends paid each year by Hydro-Québec to its sole shareholder, the Québec government.
Over the last five years, thanks to Hydro-Québec’s net electricity exports, over 62 million metric tons of GHGs emissions in North America were avoided. That’s the equivalent of the annual emissions from about 15.5 million vehicles.