Newfoundland and Labrador Hydro's installed generating capacity, 8034 megawatts (MW), is the fourth largest of all utility companies in Canada.

Newfoundland and Labrador Hydro is the parent company of the Hydro Group of Companies, which comprises The Nova Scotia government commissioned (from SNC-Lavalin) a study in 2009 to consider an Atlantic wide regional electricity market operator.

[1] A $6.2 billion deal between Newfoundland and Labrador's Nalcor Energy and Halifax, Nova Scotia-based Emera to develop Muskrat Falls was announced in November 2010.

[2] On November 30, 2012, a federal loan guarantee deal for financing of the project was signed by Prime Minister Stephen Harper, Newfoundland and Labrador Premier Kathy Dunderdale and Nova Scotia Premier Darrell Dexter.

[7][8] Emera received approval to proceed with the Maritime Link from the Nova Scotia Utility and Review Board in 2013.