November 24, 2014 5:29 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Churchill Falls (Labrador) Corporation Limited

Company Overview

Churchill Falls (Labrador) Corporation Limited generates electricity. The company was founded in 1961 and is based in St. John's, Canada. Churchill Falls (Labrador) Corporation Limited operates as a subsidiary of Newfoundland and Labrador Hydro-Electric Corporation.

Hydro Place

500 Columbus Drive

St. John's, NF A1B 4K7

Canada

Founded in 1961

Phone:

709-737-1400

Fax:

709-737-1800

Key Executives for Churchill Falls (Labrador) Corporation Limited

Chief Executive Officer and President
Chief Financial Officer and Vice President of Finance
Age: 54
Corporate Treasurer
Corporate Secretary and General Counsel
Corporate Controller
Compensation as of Fiscal Year 2014.

Churchill Falls (Labrador) Corporation Limited Key Developments

Hydro-Québec Claims Unfair Treatment against CF(L)Co. Under Churchill Falls Supply Contract

Hydro-Québec filed a motion in Quebec Superior Court on July 22 asking for a ruling of declaratory judgment that would prevent the operator of the Churchill Falls hydroelectric plant from taking actions detrimental to the utility. The 5,428-MW Churchill Falls plant in Labrador is owned and operated by Churchill Falls (Labrador) Corp. Hydro-Québec owns a minority interest. The output is pledged to Hydro-Québec under a contract first entered into in 1969 at terms Nalcor says are unfair -0.25 Canadian cent/kWh. The contract is due to renew in 2016, at a rate of 0.20 Canadian cent/kWh, and run through 2041. Nalcor for years has been trying to adjust the terms of the contract. Hydro-Québec has made two claims against CF(L)Co. In the first, Hydro-Québec claimed CF(L)Co is saying that during the contract renewal period, Hydro-Québec will be entitled only to fixed monthly blocks of energy. CF(L)Co is permitted to reclaim and then resell to third parties up to 300 MW from Churchill Falls, but in its second claim, Hydro-Québec said CF(L)Co is selling larger quantities, causing the interruption of deliveries scheduled by Hydro-Québec under the contract. Hydro-Québec is asking the court to affirm that CF(L)Co cannot resell to third parties any more than 300 MW.

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