HYDRO-QUEBEC: WHY DO THE CREE WANT TO END A GOOD DEAL?
MONTREAL, April 23 /PRNewswire/ -- By suggesting the cancellation of the 800 MW seasonal diversity contract between Hydro-Quebec and the New York Power Authority (NYPA), the Cree and their allies are in fact proposing that power production plants be built both in Quebec and the United States, with a negative net effect on air pollution. The objective of the diversity contract is to allow both Hydro- Quebec and the NYPA to optimize economic and environmental results. The population of Quebec consumes more electricity in the winter than in the summer, while the population of New York uses more in the summer than in the winter. For years, Hydro-Quebec has bought electricity from the NYPA in the winter and sold them electricity in the summer. The 800 MW contract has existed for almost 20 years; it need simply be renewed. Under another contract, Hydro-Quebec purchases 400 MW from the NYPA in the winter to meet Quebec's peak season. It's a good deal for both businesses. In the summer, Hydro-Quebec raises revenue on equipment that would otherwise be unused, and the NYPA purchases power at a reasonable cost without having to construct additional production facilities. In the winter, they both profit from the advantages of the opposite situation. The suggestion to abolish the 800 MW seasonal diversity contract is absurd. On one hand, without such exchanges both the NYPA and Hydro- Quebec would be obliged to build additional production facilities. On the other, power plants that would have to be built in New York would rely on natural gas, heating oil or nuclear fuel, all non-renewable fuels whose utilization generates environmental problems far greater than those for hydroelectricity. -0- 4/23/93 /CONTACT: Guy Versailles of Hydro-Quebec media relations, 514-289-2276/
CO: Hydro-Quebec ST: Quebec IN: UTI SU:
TM -- NY093 -- 0231 04/23/93 16:15 EDT
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|Date:||Apr 23, 1993|
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