McCullough Research
After years of declining or stagnant power demand in New England, annual energy demand ticked up for the second straight year in 2025, potentially indicating the start of a broader upward trend.
As extreme winter weather descended on the Eastern U.S. and Canada, Hydro-Québec suspended power exports to New England on the New England Clean Energy Connect transmission line because of reliability concerns in Québec.
The impending addition of new export commitments could pose a challenge for Hydro-Québec over the next few years if drought conditions persist.
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