Newfoundland and Labrador has reached a tentative deal with Quebec over power flowing from the Churchill Falls hydroelectric plant that could reap hundreds of billions of dollars over the next five decades.

Newfoundland and Labrador signed an historic Memorandum of Understanding on Thursday to terminate and replace the 1969 Upper Churchill Contract, develop Gull Island and expand the capacity of the Churchill Falls plant.

After decades of friction, Quebec and Newfoundland and Labrador have reached a new tentative deal over the long-standing issue of energy. Quebec Premier François Legault met with his Newfoundland and Labrador counterpart Andrew Furey in St.

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An agreement has been reached between the governments of Quebec and Newfoundland and Labrador on a new contract for the massive hydroelectric project, two sources say.

Quebec and Newfoundland and Labrador have announced an agreement in principle that would overhaul the contentious Churchill Falls energy deal. Hydro-Québec President and CEO Michael Sabia calls it a balanced deal that benefits both provinces,

Quebec Premier François Legault and Newfoundland and Labrador Andrew Furey reached a new deal for energy from the Churchill Falls power plant in Labrador. The old deal, signed in 1969 and set to expire in 1941,