Printer Friendly

GOV. MARIO CUOMO ANNOUNCED THE CANCELLATION OF THE CONTRACT WITH HYDRO-QUEBEC FOR 1,000 MEGAWATTS OF FIRM POWER

 GOV. MARIO CUOMO ANNOUNCED THE CANCELLATION OF THE
 CONTRACT WITH HYDRO-QUEBEC FOR 1,000 MEGAWATTS OF FIRM POWER
 OTTAWA, March 27 /PRNewswire/ -- Gov. Mario Cuomo of the State of New York, just announced the cancellation by the New York State Power Authority of the contract with Hydro-Quebec for 1,000 megawatts of firm power. The Grand Council of the Crees (of Quebec) would like to thank all of those in Quebec, Canada, the State of New York, in Vermont, the Commonwealth of Massachusetts and the other New England States, and throughout the United States and Europe for their support in achieving this significant victory for the environment, native rights and for sound economic planning.
 The concern over the environmental and human rights impacts of the Great Whale River and Nottaway-Broadback-Ruperts Projects (James Bay Phase II) brought attention to the New York contract which eventually lead to the re-opening of the economic impacts in New York State of this contract. Upon opening this Pandora's Box, the State discovered that there were better energy options within New York State than the contract. It has been estimated that electricity from sources within the State will not reach the 6.5 cents (U.S.) per kilowatt hour until approximately 2005, near the end of the contract.
 The Great Whale Project was already under fire within Quebec because the cost estimations had gone from $12.5 billion to $13.9 billion and were rising. Moreover, this project was only part of a "development" plan by Hydro-Quebec based on the construction of James Bay Phase II which would have cost $63 billion to complete by the year 2003. Of this amount, $50 billion would have been debt to be added to the present $30 billion owed by Hydro-Quebec. Approximately 1/2 of this amount would have been raised with bonds sales on Wall Street. The cost of this debt was to be borne through rate increases well above inflation to be charged to the Quebecois for the foreseeable future.
 Hydro-Quebec has a potential for 27 terrawatt hours of energy conservation, and has recently been offered 7,000 megawatts of power by the private sector in Quebec. The Quebec pulp and paper industry through co-generation projects hopes to become more competitive. Pulp and paper is the number one industry in Quebec. Hydro-Quebec has been to date reluctant to cooperate with industry because of its single- minded pursuit of mega projects, the passion of Quebec Premier Robert Bourassa.
 "The cancellation of the New York contract is a great victory for the international environmental movement and for native rights. We, the native people who live in the areas targeted for these mega destruction projects, will fight to protect our way of life and the environment upon which it is based. All people everywhere must stand up and protect their immediate environments. The Bruntland Report called for development which is sustaining of the ecology and also called for the decrease in consumption by the so-called developed world. The cancellation of the contract will promote energy conservation in New York and in Quebec," stated Grand Chief Matthew Coon Come.
 In Canada, native peoples are striving for recognition of their right to continue their ways of life on the land. The land, however, is being destroyed by mega hydroelectric projects and by clear-cut forestry practices. "Canada must recognize for native peoples in its Constitution, the protections afforded by the International Protocol on Civil and Political Rights, and by the International Covenant on Human Rights. Canada has signed these Conventions, but applies a double- standard because it refuses to apply these protections to its native peoples. We will push for international standards for human rights and for the environment," stated the Grand Chief.
 On this occasion the Grand Council of the Crees (of Quebec) honors William Hoyt, assemblyman in the New York Legislature, who died suddenly on March 25. Assemblyman Hoyt sponsored a piece of legislation in the New York Legislature which is now before the Senate, and which called for an environmental and social as well as economic impact review of hydroelectric projects built out-of-State to provide electricity to New York State. The Bill passed the Assembly by a margin of 122 to 17. "Mr. Hoyt had foresight and knew that we must all take responsibility for the environmental and social impacts of our actions. He will always be remembered because he has inspired us to look beyond the boundaries which man has seen fit to impose on himself," stated Matthew Coon Come.
 -0- 3/27/92
 /CONTACT: Brian Craik, 613-267-5465, or Bill Namagoose, 613-829-2587, or Grand Chief Matthew Coon Come, Quality Inn, Brantford, Ontario, 519-753-7371; Cellular phone number: 613-720-4528, for the Grand Council of the Crees (of Quebec)/ CO: Grand Council of the Crees (of Quebec) ST: IN: UTI SU: CON


PS -- NY079 -- 2608 03/27/92 22:08 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 27, 1992
Words:809
Previous Article:HOME SAVINGS OF AMERICA ACQUIRES COUNTY BANK IN SANTA BARBARA
Next Article:SNO COUNTRY REPORTS OFFICIAL SKI REPORT FOR MARCH 28, 1992
Topics:


Related Articles
POWER AUTHORITY CHAIRMAN FLYNN STRESSES FAIRNESS AT FORUM ON QUEBEC DEVELOPMENT
NEW YORK POWER AUTHORITY TO RENEGOTIATE CONTRACT WITH HYDRO-QUEBEC
NEW YORK POWER AUTHORITY CHAIRMAN ANNOUNCES TERMINATION OF QUEBEC PACT
NEW YORK POWER AUTHORITY AUTHORIZES TERMINATION OF HYDRO-QUEBEC CONTRACT
REVISED INDEPENDENT POWER CONTRACT IN NEW YORK REDUCES FOR BUILDING EASTMAIN 1 AND OTHER HYDRO-ELECTRIC PROJECTS IN NORTHERN QUEBEC
HYDRO-QUEBEC SENIOR UNSECURED DEBT RATED 'AA'
DUFF & PHELPS: HYDRO-QUEBEC SENIOR DEBT REAFFIRMED AT "AA"
HYDRO-QUEBEC PROVIDES 'BREATH OF CLEAN AIR' TO NEW YORK; HYDROPOWER FROM QUEBEC SAVED MILLION OF TONS OF CARBON DIOXIDE IN 1994
CONSOLIDATED NATURAL GAS, HYDRO-QUEBEC, NOVERCO TAKE NEXT STEP WITH ENERGY SERVICES ALLIANCE
Commonwealth Energy System Affiliates Solicit Bids For Plants, Power Contracts

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters