NLCR-Hydro losing tens of millions annually

Losses not accounted for in financial statements, public disclosures

NALCOR-Hydro water spills are like setting fire to cash.

NALCOR-Hydro has lost hundreds of millions of dollars since 2015 that has not been reported in any financial statements for either NALCOR-Hydro or Churchill Falls (Labrador) Corporation.

The company has lost money by spilling water over the dam at the Smallwood Reservoir instead of running it throug…