{{Short description|Defunct provincial energy corporation}} {{Infobox company | name = Nalcor Energy | logo = Nalcor_Energy_Logo.svg | logo_size = 250px | type = Crown Corporation | foundation = 2007 in St. John's, NL | location = St. John's, NL, Canada | key_people = Stan Marshall (President & CEO)<ref>{{cite web|url=https://www.cbc.ca/news/canada/newfoundland-labrador/nalcor-energy-interim-ceo-announcement-stan-marshall-1.3546399|title=Stan Marshall, Nalcor's new CEO, 'deeply troubled' by Muskrat Falls|publisher=CBC News|date=April 21, 2016 |accessdate=September 10, 2020}}</ref> Brendan Paddick (Chair of the Board)<ref>{{cite web|url=https://www.cbc.ca/news/canada/newfoundland-labrador/nalcor-board-chair-brendan-paddick-1.3872703|title=Brendan Paddick named new chair of Nalcor board|accessdate=September 10, 2020|publisher=CBC News|date=November 29, 2016}}</ref> | revenue = {{increase}}Can$1 Billion <small>(2019)</small><ref name="annual19">{{cite web|url=https://nalcorenergy.com/wp-content/uploads/2020/06/2019-Annual-Report_web_final.pdf|title=Annual report 2019|publisher=Nalcor|accessdate=September 10, 2020}}</ref> | operating_income = {{increase}}Can$132 Million <small>(2018)</small><ref name="annual19" /> | assets = {{increase}}Can$19.3 Billion <small>(2018)</small><ref name="annual19" /> | industry = Energy | fate = Folded into Newfoundland and Labrador Hydro | successor = | owner = Government of Newfoundland and Labrador | homepage = {{URL|www.nalcorenergy.com}} }} '''Nalcor Energy''' was an energy corporation headquartered in St. John's, Newfoundland and Labrador. A provincial Crown corporation under the Government of Newfoundland and Labrador, Nalcor Energy was created in 2007 to manage the province's energy resources.
The company had distinct business lines comprising Newfoundland and Labrador Hydro, the Churchill Falls (Labrador) Corporation, the Lower Churchill Project, energy marketing, oil and gas development, and The Bull Arm Fabrication Site.<ref name="annual19" />
On June 23, 2021, Premier Andrew Furey announced Nalcor Energy would be dismantled and folded into NL Hydro, previously a subsidiary of Nalcor.<ref>{{Cite web|date=June 23, 2021|title=Nalcor Energy to be no more: Crown corporation being folded into N.L. Hydro|url=https://www.cbc.ca/news/canada/newfoundland-labrador/nalcor-press-conference-june-23-1.6076644|website=CBC News}}</ref>
== Operations ==
=== Hydro === {{Main|Newfoundland and Labrador Hydro}} Newfoundland and Labrador Hydro, commonly shortened to "Hydro", was originally a subsidiary of Nalcor, generating and delivering electricity for Newfoundland and Labrador, as well as parts of Quebec and the north-eastern United States. It also delivers voice and data telecommunications services to customers in some areas.<ref>[http://www.xwave.com/files/credentials/NL_hydro.pdf NL Hydro press release regarding voice and data services] {{Webarchive|url=https://web.archive.org/web/20110718132816/http://xwave.com/files/credentials/NL_hydro.pdf |date=2011-07-18 }} 2009-11-05</ref><ref>{{cite web|url=http://www.nalcorenergy.com/content.asp?page=359|title=Nalcor Energy Website - Hydro|accessdate=2009-11-05}}{{dead link|date=February 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
Hydro itself is the parent company of 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 === {{Main|Churchill Falls Generating Station}} Churchill Falls Generating Station is one of the largest underground powerhouses in the world. The plant has 11 turbines with a rated capacity of 5,428 megawatts.<ref>{{cite web|url=https://nalcorenergy.com/nalcor-operations/churchill-falls/at-a-glance/|title=Nalcor Energy Website - Churchill Falls at a Glance|accessdate=September 10, 2020}}</ref> Nalcor controlled a 65.8% share of the Churchill Falls Labrador Corporation Limited, the owner of the Churchill Falls station while Quebec's government-owned utility, Hydro-Québec, owns the remaining shares.
=== Lower Churchill Project === {{Main|Lower Churchill Project}}
The '''Lower Churchill Project''' is a planned project to develop the remaining 35% of the Churchill River, that has not already been developed by the Upper Churchill Falls Generating Station. The Lower Churchill's two installations at Gull Island and Muskrat Falls will have a combined capacity of over 3,000 MW.<ref>{{cite web|url=https://muskratfalls.nalcorenergy.com/project-overview/|title=Nalcor Energy Website - Project Overview|accessdate=September 10, 2020}}</ref><ref>{{cite web|url=http://www.lowerchurchillproject.ca/LCWeb/LowerChurchill.nsf/GeneralDocs/A6496EB6D3B13269A32571FD0066CC71?OpenDocument&menucat=About&submenucat=&linkname=Lower%20Churchill%20Project |title=Lower Churchill Project Website |accessdate=2009-10-05 |url-status=dead |archiveurl=https://web.archive.org/web/20090315061316/http://www.lowerchurchillproject.ca/LCWeb/LowerChurchill.nsf/GeneralDocs/A6496EB6D3B13269A32571FD0066CC71?OpenDocument&menucat=About&submenucat=&linkname=Lower%20Churchill%20Project |archivedate=March 15, 2009 }}</ref>
=== Oil and Gas === Nalcor Energy's '''Oil and Gas''' division held and managed oil and gas interests in the Newfoundland and Labrador onshore and offshore oil developments. The company is currently a partner in three offshore developments - the Hebron oil field, the White Rose Growth Project and the Hibernia Southern Extension.<ref>{{cite web|url=http://exploration.nalcorenergy.com/exploration-strategy/our-strategy/|title=Nalcor Energy Oil and Gas - Our Strategy|accessdate=2009-10-05}}</ref> A $20 million onshore drilling exploration program in Parsons Pond in western Newfoundland is also being operated by Nalcor - Oil and Gas.<ref>{{cite news|url=https://www.cbc.ca/news/canada/newfoundland-labrador/nalcor-to-spend-20m-on-oil-exploration-1.843801|title=CBC - Nalcor to spend $20M on oil exploration|access-date=2009-10-05 | work=CBC News | date=2009-08-07}}</ref>
=== Bull Arm Fabrication === The '''Bull Arm Fabrication''' site was developed in the early 1990s and is Atlantic Canada's largest industrial fabrication site. The site is located 150 kilometres west of St. John's, Newfoundland and Labrador. The Hibernia oil field's gravity base structure was constructed at the site, as well work on the two Floating Production Storage and Offloading (FPSO) vessel's for the Terra Nova oil field and the White Rose oil field were done here.<ref>{{cite web|url=http://www.bullarm.com/about.htm|title=Bull Arm Website|accessdate=2009-10-05}}</ref>
==References== {{Reflist}}
==External links== *{{Official website|www.nalcorenergy.com}}
{{Authority control}} Category:Newfoundland and Labrador Hydro Category:Crown corporations of Newfoundland and Labrador Category:Defunct energy companies of Canada Category:Defunct oil and gas companies of Canada Category:Companies based in St. John's, Newfoundland and Labrador Category:Government-owned energy companies of Canada Category:2007 establishments in Newfoundland and Labrador Category:2021 disestablishments in Newfoundland and Labrador Category:Canadian companies established in 2007 Category:Energy companies established in 2007 Category:Canadian companies disestablished in 2021 Category:Energy companies disestablished in 2021 Category:Former Crown corporations of Canada Category:Energy-related government agencies of Canada