the g the a gouve gover co e agreem betwe rneme and rnmen oncer

 A
AGREEM
MENT
EEN
BETWE
THE G
GOUVERNEME
ENT DU
U QUÉB
BEC
AND
D
THE GOVER
RNMEN
NT OF O
ONTARIO
CO
ONCER
RNING
ELECTR
RICITY
2016
Electricity
Agreement
The Gouvernement du Québec, represented by the premier ministre du Québec,
the ministre de l’Énergie et des Ressources naturelles et the ministre
responsable des Relations canadiennes et de la Francophonie canadienne
(hereinafter referred to as “Québec”)
And
The Government of Ontario represented by the Premier of the Province of
Ontario and the minister of Energy (hereinafter referred to as “Ontario”)
Québec and Ontario hereinafter referred to as “Parties”
1. The Parties reaffirm their intention to cooperate in the following fields:
a) Clean electricity trade;
b) The reduction of greenhouse gases; and
c) Network reliability and accessibility.
2. The Parties are willing to:
a) Ensure that the Parties comply with the intention of the Memorandum of
Understanding (MOU) signed on September 11 2015, that states that the
Provinces would explore the possibilities of increasing electricity trade in
order to help Ontario meet its needs through the supply of clean and
renewable electricity from Québec.
3. The Parties anticipate one or several contractual agreements (the “Contracts”)
the terms of which must be developed by Hydro-Québec and the Independent
Electricity System Operator (IESO):
a) Hydro-Québec to provide for 7 years from January 1, 2017 to December
31, 2023, fixed volumes of energy of 2 terawatt hours (TWh) to displace
production from greenhouse gas (GHG) emitting resources.
b) IESO to provide Hydro-Québec, throughout the duration of the Agreement,
with 500 MW of capacity to help Québec meet its peak needs for the
winter.
c) IESO’s energy may be provided to Hydro-Québec for their use during
Ontario’s surplus periods. Hydro-Québec will return part of this energy to
Ontario to displace production from GHG emitting resources.
d) Hydro-Québec, in return for the 500 MW of winter capacity supplied by
IESO over 2015/16, commits to returning 500 MW of summer capacity to
IESO before September 30, 2030.
e) Hydro-Québec and IESO agree to cycle surplus energy from Ontario to
Québec such that it can be returned to displace future production from
greenhouse gas (GHG) emitting resources.
4. The Parties agree to facilitate and encourage their respective electricity
agencies, Hydro-Québec and IESO to prepare and sign the Contracts stipulating
their terms by December 1, 2016.
2 de 3 5. General Considerations
a) This Agreement may be amended at any time and by mutual agreement of
the Parties in writing.
b) The Parties may terminate this Agreement at any time and by mutual
consent in writing. A signatory who wishes to terminate their participation
in this Agreement should try and provide a notice of at least 90 days, in
writing, to the other signatory.
c) This purpose and intent of this Agreement is not to create legal obligations
between the Parties.
Signed this day October 21, 2016 at Toronto.
FOR THE GOUVERNEMENT DU
QUÉBEC
FOR THE
ONTARIO
GOVERNMENT
Philippe Couillard
Premier ministre
Kathleen Wynne
Premier
Pierre Arcand
Ministre de l’Énergie et des
Ressources naturelles
Glenn Thibeault
Minister of Energy
OF
Jean-Marc Fournier
Ministre responsable
des Relations canadiennes
et de la Francophonie canadienne
3 de 3