MONTRÉAL, June 5, 2026 /CNW/ - Hydro-Québec posted net income of $1,850 million for the first quarter of 2026, down $206 million compared to the same period in 2025. In a demanding energy context, marked by periods of intense cold in winter 2026 and by the low runoff observed in the last three years, the company managed its resources rigorously. To this end, it has notably reduced its short-term sales in export markets and increased its electricity purchases when prices were high, thereby prioritizing Québec's energy security.

In addition, Hydro-Québec continues to maintain its investments as part of the execution of the Action Plan 2035, Towards a Decarbonized and Prosperous Québec. An amount of $1.6 billion was invested in the first three months of 2026, an increase of more than 80% since the Plan's launch in November 2023.

"In the first quarter, Hydro-Québec reported a record volume of sales in Québec. In this context, we have ensured rigorous management of our energy resources in order to meet customer needs. At the same time, we continued to increase our investments, which reached a ...