Nalcor seeking Supreme Court of Canada appeal after recent Churchill Falls decision

The Churchill Falls (Labrador) Corporation is trying to take adispute over its decades-oldcontract with Hydro-Qubec to the Supreme Court of Canada.

• Nalcor appeals Quebec court loss over Churchill Falls power contract

CF(L) Corp.filed an application with the SCC onFriday for permission to appeal a decision handed down from the Quebec Court of Appeal on Aug. 1. That decisionupheldthe 1969 contractbetween CF(L) Corp. and Hydro-Qubec, as well as its renewal contract which went into effect Sept. 1, allowingthe Quebec utility to continue buy Churchill Falls power for cheap, flat rates and resell it at much higher prices.

• From bad to worse: Churchill contract renewal means even less revenue for N.L.

In a press release Monday,Nalcor Energy, the parent company ofCF(L) Corp., said it "has decided there are serious grounds to seek leave to appeal the decision" after reviewing the Aug. 1 judgement and seeking advice from its legal counsel.

The corporation first filed a motion with the Quebec Superior Court requesting an amendment to the pricing terms of the renewal contract in 2010, saying the contract was unfair and did not share the value of power equitably.

However, the court ruled against CF(L) Corp.

It then filed an appeal with the Quebec Court of Appeal in Aug. 2014, which also ruled against CF(L) Corp.

The renewal contract that came into effect on Sept. 1 will remain in effect for 25 years.