 | |
| Company type | Crown Corporation |
|---|---|
| Industry | Energy |
| Founded | 2007 in St. John's, NL |
| Defunct | 2021  |
| Fate | Folded into Newfoundland and Labrador Hydro |
| Headquarters | St. John's, NL, Canada |
Key people | Stan Marshall (President & CEO)[1] Brendan Paddick (Chair of the Board)[2] |
| Revenue |  Can$1 Billion (2019)[3] |
| Can$132 Million (2018)[3] | |
| Total assets | Can$19.3 Billion (2018)[3] |
| Owner | Government of Newfoundland and Labrador |
| Website | www |
Nalcor Energy was an energy corporation which 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 Generating Station, the Lower Churchill Project, energy marketing, oil and gas development, and The Bull Arm Fabrication Site.[3]
On June 23, 2021, Premier Andrew Furey announced Nalcor Energy would be dismantled and folded into NL Hydro, previously a subsidiary of Nalcor.[4]
- ^ "Stan Marshall, Nalcor's new CEO, 'deeply troubled' by Muskrat Falls". CBC News. April 21, 2016. Retrieved September 10, 2020.
- ^ "Brendan Paddick named new chair of Nalcor board". CBC News. November 29, 2016. Retrieved September 10, 2020.
- ^ a b c d "Annual report 2019" (PDF). Nalcor. Retrieved September 10, 2020.
- ^ "Nalcor Energy to be no more: Crown corporation being folded into N.L. Hydro". CBC News. June 23, 2021.