Common Contracts

Agreement in Principle on the financial restructuring of the Lower Churchill Projects

Newfoundland and Labrador • July 29th, 2021

• Jurisdiction
  Newfoundland and Labrador
• Filed
  July 29th, 2021

This agreement in principle (“AIP”) sets out the key terms that would be used to negotiate term sheets followed by definitive agreements between Her Majesty the Queen in right of Canada and Her Majesty the Queen in right of Newfoundland and Labrador, each by their respective representatives, in respect of the Muskrat Falls Generating Station, the Labrador Transmission Assets and the Labrador-Island Link (collectively the “Projects” or the “Lower Churchill Projects” and each individually a “Project”).