Nalcor Energy is a provincial energy corporation which is headquartered in
St. John's,
Newfoundland and Labrador
Newfoundland and Labrador (; french: Terre-Neuve-et-Labrador; frequently abbreviated as NL) is the easternmost province of Canada, in the country's Atlantic region. The province comprises the island of Newfoundland and the continental region ...
. A provincial
Crown corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...
under the
Government of Newfoundland and Labrador
The Government of Newfoundland and Labrador refers to the provincial government of the province of Newfoundland and Labrador. It was established by the Newfoundland Act and its powers and structure are set out in the Constitution Act, 1867.
Lie ...
, Nalcor Energy was created in 2007 to manage the province's energy resources. The company has distinct business lines comprising
Newfoundland and Labrador Hydro
Newfoundland and Labrador Hydro (NL Hydro), commonly known as Hydro, is a provincial Crown corporation that generates and delivers electricity for Newfoundland and Labrador, as well as portions of Quebec and the north-eastern areas of the United ...
, the
Churchill Falls Generating Station
The Churchill Falls Generating Station is a hydroelectric underground power station in Labrador. At 5,428 MW, it is the sixteenth largest in the world, and the second-largest in Canada, after the Robert-Bourassa generating station in northw ...
, The Lower Churchill Project, energy marketing, oil and gas development, and
The Bull Arm Fabrication Site.
Hydro
Newfoundland and Labrador Hydro
Newfoundland and Labrador Hydro (NL Hydro), commonly known as Hydro, is a provincial Crown corporation that generates and delivers electricity for Newfoundland and Labrador, as well as portions of Quebec and the north-eastern areas of the United ...
, commonly shortened to "Hydro", is the Nalcor subsidiary that generates and delivers electricity for
Newfoundland and Labrador
Newfoundland and Labrador (; french: Terre-Neuve-et-Labrador; frequently abbreviated as NL) is the easternmost province of Canada, in the country's Atlantic region. The province comprises the island of Newfoundland and the continental region ...
, as well as parts of
Quebec
Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...
and the north-eastern
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
. It also delivers voice and data
telecommunications
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
services to customers in some areas.
Hydro itself is the parent company of the Hydro Group of Companies, which comprises
*
Churchill Falls Labrador Corporation Limited
The Churchill Falls (Labrador) Corporation, also known as CF(L)Co or CFLco is a Canadian electric company. The company was founded in 1961 and is based in St. John's, Newfoundland and Labrador. Churchill Falls (Labrador) Corporation Limited oper ...
(CFLCo)
* Lower Churchill Development Corporation Limited (LCDC)
* Gull Island Power Company Limited (GIPCo)
* Twin Falls Power Corporation Limited (TwinCo)
The Upper Churchill Falls Generating Station
The
Churchill Falls Generating Station
The Churchill Falls Generating Station is a hydroelectric underground power station in Labrador. At 5,428 MW, it is the sixteenth largest in the world, and the second-largest in Canada, after the Robert-Bourassa generating station in northw ...
is one of the largest underground powerhouses in the world. The plant has 11 turbines with a rated capacity of 5,428 megawatts. Nalcor controls a 65.8% share of the
Churchill Falls Labrador Corporation Limited
The Churchill Falls (Labrador) Corporation, also known as CF(L)Co or CFLco is a Canadian electric company. The company was founded in 1961 and is based in St. John's, Newfoundland and Labrador. Churchill Falls (Labrador) Corporation Limited oper ...
, the owner of the Churchill Falls station while
Quebec's government-owned
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...
utility
As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosopher ...
,
Hydro-Québec
Hydro-Québec is a public utility that manages the generation, transmission and distribution of electricity in the Canadian province of Quebec, as well as the export of power to portions of the Northeast United States.
It was established by the ...
, owns the remaining shares.
Lower Churchill Project
The Lower Churchill Project is a planned project to develop the remaining 35 per cent of the
Churchill River, that has not already been developed by the
Upper Churchill Falls Generating Station. The Lower Churchill's two installations at Gull Island and Muskrat Falls will have a combined capacity of over 3,000 MW.
Oil and Gas
Nalcor Energy's Oil and Gas division holds and manages oil and gas interests in the
Newfoundland and Labrador
Newfoundland and Labrador (; french: Terre-Neuve-et-Labrador; frequently abbreviated as NL) is the easternmost province of Canada, in the country's Atlantic region. The province comprises the island of Newfoundland and the continental region ...
onshore and offshore oil developments. The company is currently a partner in three offshore developments - the Hebron oil field, the
White Rose Growth Project and the
Hibernia Southern Extension. A $20 million onshore drilling exploration program in
Parsons Pond in western
Newfoundland
Newfoundland and Labrador (; french: Terre-Neuve-et-Labrador; frequently abbreviated as NL) is the easternmost province of Canada, in the country's Atlantic region. The province comprises the island of Newfoundland and the continental region ...
is also being operated by Nalcor - Oil and Gas.
Bull Arm Fabrication
The Bull Arm Fabrication site was developed in the early 1990s and is
Atlantic Canada
Atlantic Canada, also called the Atlantic provinces (french: provinces de l'Atlantique), is the region of Eastern Canada comprising the provinces located on the Atlantic coast, excluding Quebec. The four provinces are New Brunswick, Newfoundlan ...
's largest industrial fabrication site. The site is located 150 kilometers west of
St. John's, Newfoundland and Labrador
St. John's is the capital and largest city of the Canadian province of Newfoundland and Labrador, located on the eastern tip of the Avalon Peninsula on the island of Newfoundland.
The city spans and is the easternmost city in North America ...
. The
Hibernia oil field's gravity base structure
A gravity-based structure (GBS) is a support structure held in place by gravity, most notably offshore oil platform, oil platforms. These structures are often constructed in fjords due to their protected area and sufficient depth.
Offshore oil ...
was constructed at the site, as well work on the two
Floating Production Storage and Offloading
A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive h ...
(FPSO) vessel's for the
Terra Nova oil field
Terra Nova is an oil field development project based off the coast of Newfoundland (island), Newfoundland, discovered in 1984 by Petro-Canada. Terra Nova is the first harsh environment development in North America to use a Floating Production Sto ...
and the
White Rose oil field
White Rose is an oil field development project off the coast of Newfoundland (island), Newfoundland. Husky Energy is the operator and 72.5 per cent interest holder in the White Rose oil fields.
Discovered in 1984, the White Rose offshore oil f ...
were done here.
References
External links
*
{{Authority control
Crown corporations of Newfoundland and Labrador
Energy companies of Canada
Oil companies of Canada
Companies based in St. John's, Newfoundland and Labrador
2007 establishments in Newfoundland and Labrador
Canadian companies established in 2007
Energy companies established in 2007