Clock runs out on Quebec energy deal, but N.L. premier is eager to keep negotiating

Newfoundland and Labrador Premier Tony Wakeham smiles as the Progressive Conservative government releases their first provincial budget in the House of Assembly in St. John's, N.L., on Wednesday, April 29, 2026. THE CANADIAN PRESS/Paul Daly

ST. JOHN’S — A draft deal between hydroelectric utilities in Quebec and Newfoundland and Labrador has expired, but at least one premier is keen to keep negotiating.

Newfoundland and Labrador Premier Tony Wakeham ordered a review of the tentative agreement, announced by the province’s former Liberal government in 2024.

A spokesperson for Wakeham said he received a report this evening from the panel he mandated to carry out the review.

The premier told reporters he will use the review to guide negotiations toward the best possible deal for Newfoundland and Labrador.

The draft agreement proposed raising the rates Hydro-Québec pays for electricity from Labrador and expanding the hydroelectric capacity of the Churchill River.

The deal technically expired today, but Hydro-Québec says there is no reason its signatories cannot continue discussions.

This report by The Canadian Press was first published April 30, 2026.

Sarah Smellie, The Canadian Press