Churchill Falls is one of the world's largest underground hydroelectric generating stations, located in Labrador and operated by Newfoundland and Labrador Hydro through Churchill Falls (Labrador) Corporation. The 1969 contract with Hydro-Quebec commits most of the power to Quebec at extremely low fixed prices until 2041, a deal widely considered disadvantageous for Newfoundland and Labrador that courts have upheld despite provincial challenges. The contract is a significant political issue in the province, affecting provincial revenues and energy policy. Churchill Falls demonstrates how major infrastructure decisions can have multi-generational impacts on provincial and municipal finances and economic development opportunities.