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ARTICLE · 14 MAY 2014

Surprisingly, U.S. Shale Gas Does Not Spell Doom For Québec Electricity Export Sales

McCarthy Tétrault
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Hydro-Québec announced on May 9, 2014 that it has posted a net result of $2.94 billion in 2013.

CanadaEnergy and Natural Resources
Louis-Nicolas Boulanger
Louis-Nicolas Boulanger
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Hydro-Québec announced on May 9, 2014 that it has posted a net result of $2.94 billion in 2013. Apparently, this increase in profitability is attributable to, among other things, growth in its export revenues and cost reductions.

Here is what is surprising about these excellent results.

Hydro-Québec announced on May 9, 2014 that it has posted a net result of $2.94 billion in 2013. A link to its 2013 annual report can be found here.

According to the company, this is the best year-end financial result that it has ever recorded. As Mr. Thierry Vandal, the president and chief executive officer of Hydro-Québec, states in the company's annual report: "We are very proud of this increase in our profitability, which is attributable to growth in our export revenues as well as cost reductions at every level of the organization."

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