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Churchill Falls (Labrador) Corporation Limited

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Churchill Falls (Labrador) Corporation Limited , also known as CF(L)Co or CFLco is a Canadian electric company. The company was founded in 1961 and is based in St. John's, Newfoundland and Labrador . Churchill Falls (Labrador) Corporation Limited operates as a subsidiary of Newfoundland and Labrador Hydro .

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19-610: CF(L)Co was originally formed in 1958 as a subsidiary of British Newfoundland Development Corporation (BRINCO) and known as the Hamilton Falls Power Corporation, it built and operated the Churchill Falls hydroelectric complex. In 1961, the Government of Newfoundland and Labrador granted the Hamilton Falls Power Corporation a 99-year lease to the 67,340 square kilometers watershed of

38-601: A group of elderly pensioners to live at Ascott for the remainder of the War. In 1949 Anthony de Rothschild donated Ascott House together with its art collections to the National Trust . The donation also included the surrounding 261 acres (1.06 km ) of land plus an endowment for its upkeep. In 1926, he married French countess Yvonne Lydia Louise Cahen d'Anvers (1899–1977) of the Bischoffsheim family . They had

57-616: A syndicate that formed the British Newfoundland Development Corporation to undertake mineral exploration in Labrador , Canada and to develop the Churchill Falls hydro-electric station. Anthony de Rothschild retired as head of the N M Rothschild & Sons banking house in 1961 and was succeeded by his son, Evelyn de Rothschild , who became chairman in 1976. He was active in preserving records of his family until his death. Among his legacies

76-773: Is the Anthony de Rothschild Prize in Surgery and the 1996 gift by his son of the Anthony de Rothschild Building, home of the Buckingham Business School and the Department of Economics and International Studies at the University of Buckingham . The Anthony de Rothschild Lecture Theatre, at St Mary's Campus , Imperial College School of Medicine in London is named in his honour. In December 1938 Rothschild

95-774: The British Army . While serving with the Buckinghamshire Yeomanry , Anthony was wounded during the Battle of Gallipoli but brother Evelyn died of combat injuries suffered at the 1917 Battle of Mughar Ridge . On 5 December 1920, Captain Anthony de Rothschild unveiled the War Memorial in the churchyard of All Saints Church at Wing, Buckinghamshire honoring his brother and his Wing comrades killed in World War I. Leopold de Rothschild died in early 1917 and

114-448: The Labrador and Newfoundland areas of the province in exchange for guaranteeing the development of any natural resources discovered. After numerous meetings with some of the political and industrial leaders, including Sir Winston Churchill and Anthony Gustav de Rothschild , Smallwood was successful in having seven large British corporations form a consortium to explore, investigate, and, where feasible, to develop natural resources in

133-783: The Newfoundland Supreme Court to recall 800 megawatts (MW) of the Churchill Falls power from CF(L)Co based upon the lease granted to the corporation in 1961. By 1980, the case had not been resolved, and in that year the Newfoundland Legislature passed the Re Upper Churchill Water Rights Reversion Act to reclaim the water rights granted to the corporation. Both legislations and the contract itself were subject to protracted legal battles between

152-590: The Government of Newfoundland and Labrador purchased a controlling interest in CF(L)Co from BRINCO and turned it over to the Newfoundland and Labrador Power Commission . The Commission had a 65.8% share in the corporation and the remaining 34.2% was owned by Hydro-Québec . In 1967, the year CF(L)Co qualified for Crown Corporation status , the Newfoundland Government initiated proceedings in

171-674: The Southcourt Stud breeding farm at Ascott House. He continued to operate the racing stable and breeding operation. Among his racing success, he won the 1919 Grand Prix de Paris with Galloper Light and the 1926 1,000 Guineas Stakes with Pillion . Rothschild also bred Midstream whose wins include the Criterion Stakes , and who was the Leading sire in Australia in 1948, 1951, 1952. Anthony de Rothschild inherited

190-560: The Upper Churchill. The Hamilton Falls Power Corporation became known as the Churchill Falls Corporation in 1965 when the name of the falls was changed to commemorate former British Prime Minister Winston Churchill . CF(L)Co began construction on Churchill Falls Generating Station in 1966 and on May 12, 1969, signed a power contract with Hydro-Québec . The agreement committed Hydro-Québec to buy most of

209-488: The following children: Anthony de Rothschild liked exotic luxury automobiles. He purchased a 1934 Hispano-Suiza K6 and a J12 model for himself and his wife. Their vehicles can now be found in the hands of an American collector and were displayed at the 2004 Pebble Beach Concours d'Elegance for the Hispano-Suiza anniversary. Like his father, Anthony de Rothschild liked Thoroughbred horse racing and inherited

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228-522: The following year when the War ended, Anthony became one of the managing partners of the family's N M Rothschild & Sons banking house in London. Anthony inherited Ascott House in Ascott, Buckinghamshire . Anthony de Rothschild was a major force in not only British finance but internationally as well. With brother Lionel having more interest in developing his Exbury Gardens than banking, under Anthony's direction, in 1953 N M Rothschild & Sons led

247-650: The plant's output at one-quarter of a cent per kilowatt-hour—the exact rate is 0.25425¢ per kilowatt-hour until 2016 and 0.20¢ for the last 25 years of the contract—to build and maintain power lines to carry the power to market and to enter into a risk-sharing agreement whereas the Quebec Crown corporation would cover part of the interest risk and buy some of BRINCO's debt, in exchange for an increased share in CF(L)Co. The 5,428-megawatt generating station delivered its first kilowatt hours on December 6, 1971 and its 11 turbines were fully operational by June 1974. In 1974

266-600: The province of Newfoundland and Labrador , Canada. The company was involved in the construction of the Churchill Falls Generating Station . The concept for BRINCO was conceived in 1952 by Premier of Newfoundland and Labrador Joey Smallwood , who sought to bring industrial development to the province. Smallwood travelled to the United Kingdom to court private sector companies, offering large tracts of undeveloped resource land in both

285-585: The province. The seven founding firms are as follows; They were joined by seventeen other firms before the principal agreement was signed with the Government of Newfoundland in 1953. These additional firms included Bank of Montreal , Royal Bank of Canada and Suez Canal Company . On 30 May 1986, Brinco amalgamed with Dorset Resources Limited of Calgary to form Consolidated Brinco Limited. On 1 March 1992, Consolidated Brinco merged into Hillsborough Resources . Anthony Gustav de Rothschild Anthony Gustav de Rothschild (26 June 1887 – 5 February 1961)

304-655: The two neighboring provinces, ending up before the Supreme Court of Canada . The court declared the Upper Churchill Water Rights Reversion Act ultra vires in 1984, and twice affirmed the validity of the 1969 contract in 1988. British Newfoundland Development Corporation The British Newfoundland Corporation Limited , or after 1971 Brinco Limited , was incorporated by a consortium of British companies in 1953, which undertook industrial development opportunities in

323-577: The works of art at Ascott House from his father and added to the collections with the acquisition of a vast array of books, English furniture, paintings, and more than 400 pieces of Chinese ceramics . In 1937, in memory of his mother, who died that year, he donated the Anthony van Dyck painting, Abbé Scaglia adoring the Virgin and Child to the National Gallery . Also in his large collection

342-592: Was a British banker and member of the Rothschild family . Born in London , England , he was the third and youngest of the three sons of Leopold de Rothschild (1845–1917) and Marie Perugia (1862–1937). A part of the prominent Rothschild banking family of England , he was educated at Harrow School and the University of Cambridge where he secured a Double First in history . At the outbreak of World War I Anthony de Rothschild and his brother Evelyn joined

361-754: Was appointed chairman of the Emigration (Planning) Committee, a subcommittee of the Council for German Jewry . The organization had been created in 1936 with the goal of helping German Jews to leave Germany. During World War II he helped organize a safe place for Edvard Beneš to live at The Abbey, Aston Abbotts . In 1941 the German Luftwaffe bombed the Royal Hospital Chelsea in Chelsea, London and Anthony de Rothschild brought

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