AUDIO: Joey Smallwood on a deal that ends in 30 years
The Upper Churchill deal with Hydro-Québec was signed 44 years ago
The hated Upper Churchill contract with Hydro-Québec expires in 30 years on August 31, 2041
Many people in this province can’t wait to see the end of the lop-sided deal that has left Quebec profiting by reselling energy it buys at a low price from Newfoundland and Labrador.
Forty-four years ago Joey Smallwood spoke at a sod-turning ceremony at Churchill Falls in July of 1967.
Click on the audio icon to hear some of his comments on the falls, the province and the future.
Former Newfoundland and Labrador premier Danny Williams said in 2008 that Hydro-Québec made $2.3 billion from the Upper Churchill project while Newfoundland and Labrador made approximately $50 million.