One of the expert advisors on the province’s MOU with Quebec says that it is the “right time” to make the deal.
Jason Chee-Aloy is the managing director of Power Advisory, one of the groups that advised government as they negotiated the agreement.
He argues that it is “pretty clear” Quebec’s need for power is increasing, so they are looking at different supply options. He says there is a “real opportunity now” for NL Hydro to strike a new deal.
He calls the MOU a “necessary step” to allow for negotiations of agreements. “So, we’ll know if it is absolutely the best deal, I’m sure it will be, with the agreements.”