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Churchill Falls: A 15% Power Bill Rebate, $10 Billion From Ottawa — What It Means for Your Wallet

  Thursday, August 20, 2026 Last Monday, Prime Minister Mark Carney stood on a pier in St. John's alongside Newfoundland and Labrador Premier Tony Wakeham and Quebec Premier Christine Fréchette to announce what Ottawa is calling the largest clean energy investment in North American history. Buried in the headline numbers — $273 billion in nominal contract value, $10 billion in federal financing, 14,000 megawatts of new hydro capacity — is a much simpler story for ordinary Canadians: who pays what for electricity, for the next 50 years. Here's what actually changed, and what it means for your bills whether you live in St. John's, Montreal, or Ajax, Ontario. The deal it's replacing was historically lopsided To understand why this is a big deal, you need the old one. Under the original 1969 Churchill Falls contract, Quebec locked in the right to buy the vast majority of the plant's power from Newfoundland and Labrador at roughly 0.2 cents per kilowatt-hour — a price th...

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Putin: Islamic Extremists Behind Moscow Concert Hall Massacre, But Masterminds Remain Elusive

 

Russian President Vladimir Putin has publicly attributed the horrifying attack at a suburban Moscow concert hall to “radical Islamists.” The assailants, who mercilessly claimed the lives of 139 people, left the city in shock and mourning. However, the mystery surrounding the orchestrators of this bloodshed persists.

On Friday night, the Crocus City Hall music venue on the western outskirts of Moscow turned into a scene of unimaginable horror. The attackers, armed with deadly intent, unleashed chaos, leaving more than 180 injured in addition to the fatalities. This tragedy stands as the deadliest attack in Russia in years.

Putin, addressing government officials, emphasized that the perpetrators were “extremists whose ideology the Islamic world has been fighting for centuries.” Despite the arrest of four gunmen attempting to flee to Ukraine, investigators have yet to pinpoint the masterminds behind this calculated assault. The critical question remains: Who ordered the attack?

While Ukraine vehemently denies any involvement, Putin has not ruled out their potential role. He asserted that it is crucial to understand “why the terrorists after committing their crime tried to flee to Ukraine and who was waiting for them there.” The Islamic State group’s Afghanistan affiliate claimed responsibility for the attack, and U.S. intelligence corroborated their claims. French President Emmanuel Macron also pointed to “an IS entity” as the force behind the Moscow tragedy.

Putin warned that this incident might not be isolated. He suggested that more attacks could follow, hinting at possible Western involvement. The U.S. confidentially shared a warning about imminent terror attacks with Moscow two weeks before the raid, but Putin remains skeptical. He criticized the U.S. Embassy’s prior notice to Americans, viewing it as an attempt to “blackmail” the Kremlin.

Putin further accused Ukraine of launching cross-border attacks on Russian regions, using terror as a tool. He framed the Moscow concert hall massacre as a “logical part of this chain.” As the investigation continues, the world awaits answers, and the victims’ families seek justice.

In the aftermath of this tragedy, the haunting question lingers: Who orchestrated this bloodshed, and what motivated them? Until the masterminds are unmasked, the shadows cast by this horrific event will persist, leaving a scar on Moscow’s collective memory.

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