TIL that in 1963, the Quebec government bought out all the private power companies and nationalized electricity. Today, 96% of Quebec's power is from hydroelectricity, and it has some of the cheapest electricity rates in North America while earning billions in revenue.

http://en.wikipedia.org/wiki/Hydro-Qu%C3%A9bec



Submitted February 18, 2015 at 07:09AM by Haxld http://www.reddit.com/r/todayilearned/comments/2w9gvd/til_that_in_1963_the_quebec_government_bought_out/