Hydro-Québec has won a multibillion-dollar contract to deliver power into the heart of New York City, in a deal that helps cement the provincially owned corporation as a key supplier of clean electricity in North America. New York State authorities chose Hydro-Québec and Blackstone-owned Transmission Developers Inc. to supply the most populous city in the United States with up to 1,250 megawatts of renewable power, the partners said in a joint news release Monday. That’s enough electricity for about 1.2 million homes, and it will replace the current fossil-fuels-based supply as soon as 2025, the companies said. “New York is taking a bold step towards decarbonization,” Hydro-Québec chief executive Sophie Brochu said in a statement. With its decision, the state is “building the long-term backbone infrastructure needed to support local renewable energy, all the while making sure that local communities receive direct benefits,” she said. Oil edges up as […]