Newfoundland and Labrador’s legislature will open again in January, so that politicians can hash out the details of a sweeping tentative agreement with Quebec on hydro power.
Government House leader John Hogan said in a brief statement Monday that he has asked the Speaker to open the legislature on Jan. 6 to deal with a memorandum of understanding.
Hogan said he intends to “bring the MOU between N.L. Hydro and Hydro-Québec to the House.”
Premier Andrew Furey said during Thursday’s announcement there would be a “special sitting” at the House of Assembly in January.
“I think it’s the rightful place to be debated,” he said. “We want everyone to consider it.”
The MOU, if sanctioned by a 2026 target, would deliver more than $200 billion to Newfoundland and Labrador over five decades.
The agreement would overwrite a contentious and much-loathed 65-year contract that will not expire otherwise until 2041.
The new agreement includes provisions that Newfoundland and Labrador has long sought, including significantly greater revenue from hydroelectric sales, recall rights, development of the Gull Island megaproject and — years down the road — an escalator clause to increase payments.
Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here. Click here to visit our landing page.
;Resize=(1180)&w=390&resize=390,220&ssl=1 "Do lower interest rates mean Toronto can speed up building housing?")
