Newfoundland and Labrador Hydro is the provincial Crown corporation responsible for electricity generation and transmission. It operates under Newfoundland and Labrador Hydro Group, previously known as Nalcor Energy. The corporation manages hydroelectric facilities including the controversial Muskrat Falls project, oil and gas interests, and the provincial electrical grid. Newfoundland Power (a private company) handles most retail distribution on the island. Crown corporation decisions about generation investments, transmission projects, and rate structures significantly affect municipal operations and community costs. The Muskrat Falls cost overruns have particularly impacted provincial finances and electricity rates, affecting municipal budgets and residents.