Nalcor Energy

Nalcor Energy

Company type	Crown corporation
Industry	Energy
Founded	2007
Defunct	2021-06-23
Fate	Dissolved and merged into NL Hydro
Headquarters	St. John's , Canada
Area served	Newfoundland and Labrador, parts of Quebec, northeastern United States
Products	Electricity generation and distribution, oil and gas exploration, energy marketing, industrial fabrication

Nalcor Energy was an energy enterprise based in St. John's, Newfoundland and Labrador. Functioning as a provincial Crown corporation under the jurisdiction of the Government of Newfoundland and Labrador, Nalcor was founded in 2007 to oversee the management of the province’s energy assets.

Its operations encompassed several sectors, including Newfoundland and Labrador Hydro, the Churchill Falls (Labrador) Corporation, the Lower Churchill Project, energy marketing, oil and gas exploration, as well as the Bull Arm Fabrication Site.

On June 23, 2021, Premier Andrew Furey declared that Nalcor would be dissolved and merged into NL Hydro, which had previously been one of its subsidiaries.

Hydro

Newfoundland and Labrador Hydro, often referred to simply as "Hydro," was a subsidiary of Nalcor tasked with producing and distributing electricity throughout Newfoundland and Labrador, parts of Quebec, and the northeastern regions of the United States. It also delivered voice and data telecommunications services in certain locations.

Hydro serves as the parent organization for the Hydro Group of Companies, which comprises:

• Churchill Falls Labrador Corporation Limited (CFLCo)
• Lower Churchill Development Corporation Limited (LCDC)
• Gull Island Power Company Limited (GIPCo)
• Twin Falls Power Corporation Limited (TwinCo)

Churchill Falls Generating Station

The Churchill Falls Generating Station ranks among the world’s largest underground power facilities, equipped with 11 turbines that collectively generate 5,428 megawatts. Nalcor owns a 65.8% interest in Churchill Falls Labrador Corporation Limited, the entity controlling the plant, while Hydro-Québec, Quebec's government-owned utility, holds the remaining share.

Lower Churchill Project

The Lower Churchill Project focuses on harnessing the remaining 35% of the Churchill River not exploited by the Upper Churchill Falls Generating Station. The project includes two planned developments at Gull Island and Muskrat Falls designed to deliver a combined capacity exceeding 3,000 MW.

Oil and Gas

Nalcor Energy’s Oil and Gas division oversees both onshore and offshore petroleum assets within Newfoundland and Labrador. It holds partnerships in three offshore ventures: the Hebron oil field, White Rose Growth Project, and Hibernia Southern Extension. Furthermore, Nalcor manages a $20 million onshore drilling exploration initiative based in Parsons Pond in western Newfoundland.

Bull Arm Fabrication

Situated approximately 150 kilometres west of St. John's, the Bull Arm Fabrication facility is Atlantic Canada’s largest industrial fabrication site. It constructed the gravity base structure for the Hibernia oil field and played a significant role in fabricating two FPSO vessels used by the Terra Nova and White Rose oil fields.