Hydro Quebec Refunds $1.5 Billion

Hydro Quebec Is Going to Reimburse $1.5 Billion to People in Quebec

DESCRIPTION- Between 2005-2017 Hydro Quebec Customers paid for their electricity bill according to the rates set by the Regie de l’energie and not a cent more. However, Hydro Quebec has actually ended up with an earnings surplus of $1.5 billion. Hydro Quebec states these forecast variances are perfectly normal. But Quebec premier François Legault has finally put his foot down and announced that the government will return the $1.5 billion that was overpaid by Hydro Quebec customers.