Hydro-Québec is pleased to present its Sustainability Report 2008 entitled “Our Commitment to the Future.” The report is available on the Company’s Web site:

Hydro-Québec Sustainability Report 2008

Hydro-Québec’s sustainable development initiatives focus on six main themes:

• Renewable energies and energy efficiency
  
• Environmental protection and quality of life
  
• Social commitment
  
• High-quality, customer-driven service
  
• Human resources development
  
• Contribution to the Québec economy

Key achievements in 2008:

• Renewable energy represents 98% of the total electricity generated by Hydro-Québec.
  
• Hydro-Québec’s capital program, which reached $4.0 billion, reflects its continued involvement in major projects in the Generation and Transmission sectors.
  
• Energy efficiency objectives were topped for a fifth consecutive year with 1.1 TWh in savings, bringing the company closer to its 2010 target of 5.8 TWh.
  - Archaeological inventories begun in 2002 on Eastmain-1-A/Sarcelle/Rupert: Digs went on at 45 locations, making this the largest archaeological site in Québec. Remains dating back 4,650 years have been discovered.
  
• $100 million was invested in over 100 research projects, including research on emerging renewables such as hydrokinetic and salinity gradient power.
  
• 89% of goods and services were purchased in Québec, representing $2.4 billion for the economy.

Global Reporting Initiative (GRI) and verification

For its Sustainability Report 2008, Hydro-Québec produced a self-declaration corresponding to application level B of the GRI’s G3 guidelines. The declaration has been checked by the GRI. Moreover, some of the data have been verified by an external firm and are identified with a symbol.

About Hydro-Québec

Hydro-Québec is one of the leading electric utilities in North America and ranks among the world’s largest producers of hydropower. It uses mainly renewable generating options, specifically hydro. It also conducts research in fields related to energy, is active in energy efficiency, and commercializes the technologies resulting from its R&D activities.