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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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U.S. Embassy in Kyiv Closes Amid Warnings of Significant Russian Air Attack

 

In a precautionary move, the U.S. Embassy in Kyiv has temporarily closed its doors following warnings of a potentially significant Russian air attack. The embassy issued a statement advising employees to shelter in place and recommended that U.S. citizens in Kyiv be prepared to take immediate shelter if an air alert is announced.

This closure comes amid heightened tensions after the U.S. authorized the use of longer-range missiles by Ukraine, which were reportedly used in a recent attack on a Russian weapons warehouse. The Kremlin has responded with threats of retaliation, further escalating the conflict that has already seen frequent missile and drone attacks on Ukrainian infrastructure.

The embassy’s warning is notable for its specificity, as air attacks have become a near-daily occurrence in Ukraine. However, the recent developments have added a new layer of urgency and caution to the situation.


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