Absolutely. If you look at all the hydroelectric projects under way in Canada now or in recent years, they're all at a marginal cost far above the economic value of that generation. That includes Quebec, by the way. The Romaine project is a huge money loser. If looked at from a marginal cost point of view, all of Canada's electricity exports are money losers.
On October 2nd, 2017. See this statement in context.