MONTRÉAL, Aug. 23, 2024 /CNW/ - Hydro-Québec's net income totalled $1,845 million for the first six months of 2024, lower than the $2,687 million recorded for the same period the previous year, when average prices obtained on export markets had reached unprecedented levels.
"These results are in line with what we had anticipated under our prudent energy reserves management, necessary due to the cycle of low runoff. This led to a decrease in electricity sales on external markets compared to the same period in 2023," said Maxime Aucoin, Executive Vice President – Strategy and Finance. "In the first six months of 2024, runoff was close to historical averages throughout the power system. We will monitor the situation closely and continue to exercise caution."
Financial highlights of the first six months
Action Plan 2035: strong growth in investments and financing activities
