Bloomberg Law
Nov. 2, 2018, 9:14 PM

Hydro-Quebec Wins Power Purchasing Dispute at Canada’s Top Court

Canada’s top court has ended a long-running legal saga over one of the country’s most lopsided energy deals.

On Nov. 2 the Supreme Court of Canada ruled in a 7-1 decision that it cannot force Hydro-Quebec and the Churchill Falls (Labrador) Corporation Ltd. to renegotiate their 1969 contract over electricity sales, an agreement that has greatly favored the Quebec utility as power prices rose and markets expanded unexpectedly over the decades.

For example, Hydro-Quebec said in a 1989 report that it’s expected to buy C$5.8 billion ($4.4 billion) in electricity from the facility over its lifetime and ...

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