MONTRÉAL, May 10, 2024 /CNW/ - Hydro-Québec is posting net income of $1,576 million for the first three months of 2024. As expected, net income is down $655 million compared to the same quarter last year, due to a reduction in exports and milder temperatures in winter 2024. "The results for the first quarter of 2024 are consistent with our projections, and continue to be affected by the low runoff experienced by Hydro-Québec last year. Although the sharp drop in water inflows to our large reservoirs in northern Québec during the second half of 2023 had no effect on Québec's energy supply, its impact is still being felt this year on our electricity exports," said Maxime Aucoin, Executive Vice President – Strategy and Finance. "In order to ...