A panel appointed by the Newfoundland and Labrador government has determined that a proposed energy deal with Hydro-Quebec is not in the province's best interest. The report, which is scheduled for release on Tuesday, outlines several concerns regarding the non-binding framework agreement signed in 2024 to share power from the Churchill Falls generating station in Labrador. The panel found that the agreement would not provide sufficient power to Newfoundland and Labrador, potentially limiting growth in energy-intensive sectors like mining. The draft deal proposes new rates and allocations for the power generated, but it would allow Hydro-Quebec to control approximately 80% of the power, which has sparked significant criticism. Premier Tony Wakeham, who has been vocal about the need for a review since taking office, halted all negotiations pending the panel's findings. The report emphasizes that the current memorandum of understanding is not in the public interest, raising hopes for a renegotiation of terms that could better serve the province's long-term economic goals. The panel's conclusions could reignite discussions between the two provinces' power utilities, depending on Quebec's willingness to engage.