Hydro-Quebec Says $137 Billion Power Plan Is Drawing Attention

The head of Hydro-Quebec said he’s confident the state-owned utility will find investors to back a massive expansion of a provincial electrical grid that’s expected to cost well over $100 billion.

Chief Executive Officer Michael Sabia is pitching what he calls an “Action Plan” that may amount as much as C$185 billion ($137 billion) to build new power generation capacity and improve transmission reliability by 2035. The plan, unveiled in November, would see Hydro-Quebec’s capacity increase by nearly 25%, allowing the utility to meet demand for hydroelectricity and fulfill its power export commitments to the US.

Michael Sabia

Photographer: Graham Hughes/Bloomberg

“The ...