CTV: Sources tell CTV News the new deal will allow for more power to be sent to Labrador, a key sticking point for Wakeham, and the federal government will play a role in the financing of transmission lines, with significant loan guarantees and investment tax credits.
The original Churchill Falls deal, signed in 1969, resulted in Newfoundland selling power at a discount to Quebec at rates far below market value. That deal was only set to expire in 2041…