The project you're referring to is Muskrat Falls, or the Lower Churchill. The Lower Churchill is really two projects, Muskrat Falls and Gull Island.
We are currently proposing to do the Muskrat Falls portion. It's a $6.2 billion project. It will for the first time ever allow Newfoundland and Labrador to be connected to the North American energy grid. It will allow us to have security of supply. It will allow us to get rid of diesel generation, to help Canada, and to help the region reach its greenhouse gas emission targets. It will be a major construction project. Quebec will benefit, being right next door to Labrador. This project is occurring in the Labrador portion of our province. So Quebec workers and companies will benefit. We also believe that Ontario, because of its manufacturing base, will benefit. We know that the Atlantic region is going to benefit. There is surplus electricity that will be generated. Some 824 megawatts are being generated. Forty percent of that we need for our own purposes. Twenty percent is going to Emera down to the maritime link, and forty percent of it is available as surplus for development in Labrador, for development in the province, or to sell into the northeastern market.
Basically, we're going to create a construction project, we're going to make sure we have green energy, and we're going to get rid of what we call dirty Holyrood. Holyrood uses diesel fossil fuels and is sending thousands of tons of pollutants into the air every year, and we can get rid of that with this project. It's a great project all around—Atlantic, Quebec, Ontario—and will bring us markets in the northeastern U.S.