industry electricity generation & distribution founded 1924 headquarters st. john s newfoundland and labrador canada key people gary smith president & ceo products electricity revenue 420 000 000 can number of employees 1 150 2005 parent fortis inc. website www.newfoundlandpower.com newfoundland power incorporated is a canadian utility company formed by the royal securities corporation of montreal in 1924 . it is regulated by the public utilities commission . newfoundland power is now the primary retailer of electric power in newfoundland and labrador . in the year of its incorporation it purchased the assets of the st. john s light and power company which had been formed originally by robert gillespie reid as the st. john s street railway company in 1896 . those assets included newfoundland and labrador s first hydro electric generating station at petty harbour petty harbour hydro electric generating station . after 1924 newfoundland light and power company became a subsidiary of the international power company and it remained a subsidiary until 1949 when the parent company sold its shares in it to the general public . the newfoundland light and power company supplied the general needs of the st. john s urban area and operated the city s electrical street car system . in 1948 the street railway was disbanded and the company became solely an electric company . newfoundland power currently operates 23 hydro generating plants three diesel plants and three gas turbine facilities for a total installed capacity of 139.4 mw . 1 contents 1 historical highlights 2 see also 3 references 4 external links historical highlights edit 1926 the company increased the generating capacity of the petty harbour generating station 1931 completed a 3 mw hydro electric generating station at pierre s brook 1931 laid two 13 kw cables across the bell island tickle in conception bay to supply the iron ore mines on bell island 1951 purchased from bowater s newfoundland pulp and paper mills and bay of islands light and power company the distribution systems in corner brook and deer lake . 1956 obtained from the anglo newfoundland development company the distribution system in grand falls windsor bishops falls and botwood . 1958 completed a 12.5 mw hydro electric generating station at rattling brook . 1958 obtained from the department of transport the distribution system in gander . 1962 converted the grand falls windsor bishop s falls and botwood distribution systems from 50 cycles 50 hz voltage signal to the north american standard of 60 cycles . 1966 union electric light and power company became part of the newfoundland light and power company . 1966 the company had eleven generating plants with an installed capacity of 95 mw . 1970 the company sold over the one billion kw h 1 tw h . 1981 the company had twenty one hydro stations three gas turbines seven diesel generating plants and one thermal power station for a total installed capacity of 241 mw . 1987 shareholders of newfoundland light & power co. form fortis inc. as a holding company with 100 % ownership of the regulated electrical utility . 1990 newfoundland light & power co. changes its corporate name to newfoundland power . 1998 the company changed its legal name from newfoundland light & power co. to newfoundland power inc. see also edit newfoundland and labrador power commission newfoundland and labrador hydro references edit newfoundland power accessed march 3 2008 external links edit official site retrieved from https en.wikipedia.org w index.php title newfoundland power inc. & oldid 723139070 categories power companies of canadaelectric power transmission system operators in canadaenergy in newfoundland and labradorformer crown corporations of canadafortis inc.companies based in st. john s newfoundland and labradorenergy companies established in 1924non renewable resource companies established in 19241924 establishments in newfoundland navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 1 june 2016 at 07 19 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view