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Written by / Agency / Source: Hydro-Québec / IREQ

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Hydro-Québec Announces Strategic Plan 2016-2020 - Big ambitions for our customers and all of Québec - HydroQuebec.ca
Hydro-Québec Announces Strategic Plan 2016-2020

 

NewswireToday - /newswire/ - Montréal, Québec, Canada, 2016/06/08 - Big ambitions for our customers and all of Québec - HydroQuebec.ca.

   
 
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Hydro-Québec proudly presents its Strategic Plan 2016-2020: Setting new sights with our clean energy (This hyperlink will open a new window). This plan places customers at the heart of Hydro-Québec’s priorities and sets new growth avenues for the company through the acquisition of assets or stakes outside Québec. Hydro-Québec is also announcing a move to attract data centres to Québec (This hyperlink will open a new window).

“Thanks to our clean and renewable electricity and our know-how, we can set ambitious sights for the future, both for our customers and for Québec as a whole,” said Éric Martel, President and Chief Executive Officer of Hydro-Québec. “We want to increase customer satisfaction and remain a powerful force for economic development by investing $18.1 billion in Québec by 2020. The Strategic Plan also reiterates our role as a key player in the transition to a low-carbon economy. Our vision: working better, setting new sights, building tomorrow. ”

The Strategic Plan 2016-2020 centres on four major objectives:

• Lay the groundwork to double our revenue over the next 15 years so as to increase profits
• Be a benchmark in customer service
• Contribute to Québec’s economic development and energy transition
• Keep rate increases lower than or equal to inflation

By building on these four objectives, Hydro-Québec plans to:

• Achieve an overall public satisfaction rating above 90%
• Install 2,500 charging stations for electric vehicles by 2020
• Contribute to the Northern Plan with investments of nearly $4.3 billion, in part by adding 1,140 MW of capacity to our facilities
• Generate revenue of $27 billion by 2030
• Reach net income of $3.2 billion in 2020 and $5.2 billion in 2030
• Increase net income by $300 million through new exports

About Hydro-Québec
As a recognized leader in hydropower and large transmission systems, we deliver reliable electric power and high-quality services. With 99.8% of our output generated from water, our electricity exports are essential to reducing greenhouse gas emissions. We also commercialize our expertise and innovations on world markets.

In 2015, we paid the Québec government a dividend of $2,360 million, all while keeping our residential rates the lowest in North America.

 
 
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Written by / Agency / Source: Hydro-Québec / IREQ

 
 

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Hydro-Québec Announces Strategic Plan 2016-2020

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Publisher Contact: Mathieu Rouy - HydroQuebec.ca 
514-289-5005 rouy.mathieu[.]hydro.qc.ca
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Hydro-Québec / IREQ securities in any jurisdiction including any other companies listed or named in this release.

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