Proposed Hydro-Quebec development plan, 1993: Proposal

The Quebec government now requires Hydro-Quebec to submit a development plan every three years instead of annually, in order to permit more in-depth studies and a broader consultation with interested parties. In the first of such three-year plans, a series of plan proposals is presented which was developed after a year of consultation with various groups on four fundamental matters: energy efficiency, means of generation, electro-intensive industries, and electricity exports. Options for meeting future demand at Hydro-Quebec are assessed, including the construction of new generation and transmission facilities, rehabilitation of existing facilities, improving electrical energy efficiency, and conservation strategies. These options are considered while applying the principle of sustainable development that respects the environment. Hydroelectricity will continue to be emphasized as the main source of generation since hydroelectric facilities offer distinct advantages in terms of costs, environmental impacts, and economic spinoffs. The proposed plan also presents objectives and strategies for improving the quality of service and internal operations. Financial forecasts for Hydro-Quebec are proposed which take into account the forecast changes in the utility's cost and revenue factors and its self-financing requirements. 5 figs., 15 tabs