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Churchill Falls: A 15% Power Bill Rebate, $10 Billion From Ottawa — What It Means for Your Wallet

  Thursday, August 20, 2026 Last Monday, Prime Minister Mark Carney stood on a pier in St. John's alongside Newfoundland and Labrador Premier Tony Wakeham and Quebec Premier Christine Fréchette to announce what Ottawa is calling the largest clean energy investment in North American history. Buried in the headline numbers — $273 billion in nominal contract value, $10 billion in federal financing, 14,000 megawatts of new hydro capacity — is a much simpler story for ordinary Canadians: who pays what for electricity, for the next 50 years. Here's what actually changed, and what it means for your bills whether you live in St. John's, Montreal, or Ajax, Ontario. The deal it's replacing was historically lopsided To understand why this is a big deal, you need the old one. Under the original 1969 Churchill Falls contract, Quebec locked in the right to buy the vast majority of the plant's power from Newfoundland and Labrador at roughly 0.2 cents per kilowatt-hour — a price th...
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Hamas Official Expresses Willingness to Disarm for Independent Palestinian State

 

In a significant development, a top Hamas political official has stated that the Islamic militant group would be willing to agree to a truce of five years or more with Israel if an independent Palestinian state is established along pre-1967 borders. Khalil al-Hayya, who has represented Hamas in negotiations for a cease-fire and hostage exchange, made this statement during an interview with the Associated Press in Istanbul. Here are the key points:

  1. Truce and Disarmament: Hamas is open to a truce with Israel lasting five years or more. If an independent Palestinian state is established, the group would lay down its weapons and transform into a political party.

  2. Stalemate in Cease-Fire Talks: The comments by al-Hayya come amid a stalemate in months of cease-fire talks. While the suggestion that Hamas would disarm is significant, it remains unlikely that Israel would consider such a scenario. Israel has vowed to crush Hamas following the deadly attacks that triggered the war, and its current leadership opposes the creation of a Palestinian state on lands captured in the 1967 Mideast war.

  3. Joining the Palestine Liberation Organization (PLO): Al-Hayya expressed Hamas’ desire to join the Palestine Liberation Organization (PLO), which is headed by the rival Fatah faction. The goal is to form a unified government for Gaza and the West Bank. He emphasized that if a fully sovereign Palestinian state is realized, Hamas’ military wing would dissolve.

  4. Historical Precedent: Al-Hayya drew parallels with other independence movements, noting that forces that fought against occupiers often transformed into political parties and national armies once they achieved independence and obtained their rights.

While this statement represents a potential shift in Hamas’ stance, the road to lasting peace remains complex. The Israeli-Palestinian conflict continues to be a deeply entrenched issue with multiple historical, political, and security dimensions.

In summary, Hamas’ willingness to disarm hinges on the establishment of an independent Palestinian state, but challenges persist in reaching a comprehensive resolution. The international community closely watches these developments, hoping for progress toward peace in the region.




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