Hydro-Quebec's Strategic Plan 2002-2006 : summary

A corporate profile of Hydro-Quebec was presented and the strategy that the utility will adopt for the 2002-2006 period was summarized. The utility plans to maintain its service quality and sustain environmental quality while developing a world class enterprise. Quebec has adopted a heritage pool giving Quebec consumers access to a maximum of 165 TWh of electricity per year at an average commodity rate of 2.79 cents per kilowatt-hour, the lowest rate for such a large amount of energy in North America. Above that volume, supply for the Quebec market will be ensured through competitive bidding, leading to the signing of supply contracts based on market price. Hydro-Quebec's strategy reflects the business opportunities open to Hydro-Quebec given its traditional activities in the province, the restructuring of North American energy markets, and the emergence of Quebec as a major energy hub. The business opportunities come from the fact that demand for electricity in Quebec is growing and from the opening of markets close to Quebec. Investment outlook in hydroelectric generation and transmission also appears to be profitable. It is likely that investment will be needed to build infrastructure. Hydro-Quebec is also working with its qualified workforce to develop a world-class international activity base. tabs., figs