Hydro-Québec's $185 billion plan may raise electricity rates

Hydro-Québec plans to invest up to $185 billion by 2035 to increase electricity production by 35% by 2040 and double it by 2050, amid rising demand for clean energy. This investment will triple current annual spending, potentially raising electricity rates and impacting Quebec's competitiveness. The utility has also committed to significant wind energy projects and faces challenges in negotiating key contracts and upgrading infrastructure.