QUEBEC – Alcoa and Hydro-Quebec have reached a long-term agreement that will see the multinational’s three smelters continue to get electricity from the provincially owned utility.
Alcoa had threatened last October to close its facilities in Quebec if Hydro-Quebec refused to lower its electricity rates.
Get breaking National news
READ MORE: Alcoa threatens to close three Quebec plants
The company did not release details of the electricity rates.
The agreement runs through 2030 for smelters in Becancour and Deschambault and through 2036 for the smelter in Baie-Comeau.
- Quebec election leaders’ debates approach as campaigns wrap up 3rd week
- Calgary councillor seeks provincial probe into closed-door meetings after document leak
- Mark Carney meets with ‘Forever Canadian’ campaigners in Banff
- Nova Scotia to expand protections for people affected by AI-generated intimate images
-
![]()
Majority of Canadians support Carney’s handling of trade war, polls show -
![]()
‘We need all of our allies on board’: US ambassador on Canada’s role in confronting terrorism -
![]()
‘Cyclists aren’t secondary’: Toronto riders protest Ford’s bike lane removal plan -
![]()
Trump suggests Canada-U.S. trade deal could happen ‘fairly soon’
Alcoa says the agreement will allow it to proceed with $250 million of planned investments at the smelters over the next five years.
Premier Pauline Marois and Alcoa officials made the announcement at a news conference in Baie-Comeau this morning.
Comments
Want to discuss? Please read our Commenting Policy first.