Newfoundland and Labrador Premier Andrew Furey is hitting the road to sell the new Churchill Falls agreement, which he says is worth $200 billion over the five decades to come. Meanwhile, opposition politicians are mull over the agreement's details.

Quebec Premier François Legault says talks started four years ago about ending the existing 65-year Churchill Falls contract, which saw N.L. miss out on billions of dollars. Legault said he is a businessman and — 2041 is around the corner — wanted long-term security for power for generations to come.

The Canadian province of Newfoundland and Labrador on Thursday signed a memorandum of understanding with neighboring Quebec for a deal on hydroelectric generation in Labrador that will bring an estimated C$200 billion ($140.

Newfoundland and Labrador has reached a tentative deal with Quebec over power flowing from the Churchill Falls hydroelectric plant that could reap hundreds of billions of dollars over the next five decades.

The premiers of Quebec and Newfoundland and Labrador are ready to sign an energy agreement, ending a long-running dispute over the Churchill Falls hydroelectric plant in Labrador.

Details are expected to be revealed Thursday on what could be a multi-billion agreement between Newfoundland and Labrador and Quebec to reshape the contract of the Churchill Falls hydroelectric project.