A power deal signed in the 1960s looked reasonable to both sides at the time. Then oil prices moved, and one province found a way to multiply its profits tenfold while the other kept collecting the exact same twenty million dollars a year, for fifty straight years. Andrew Caddell explains exactly how that gap opened up and why it never closed.
A handful of people are finally credited with getting a new deal to the table after decades of failed attempts, and Andrew names who actually made it happen this time, along with the specific terms that could reshape how much Newfoundland earns from its own power.
None of it is settled yet, and Andrew lays out the real deadline pressure both provinces are racing against, including the very real chance that a change in government could tear the whole thing up before it’s ever signed.
Topics: Hydro Quebec Newfoundland deal, Muskrat Falls, Canadian energy negotiation, Churchill Falls, interprovincial power trade
GUEST: Andrew Caddell – Columnist, former diplomat and ministerial advisor.
Originally aired on2026-08-21
