Among the ideas discussed was the possibility of exporting hydro electric power from Quebec to reduce Rhode Island energy costs. Rhode Island Companies such as Toray Plastics, for example, spend millions on electricity each year. Hydroelectric power could significantly reduce energy costs for Toray and other Rhode Island businesses.
The Governor believes the relationship with Quebec will continue to be an important one as Rhode Island develops its knowledge economy. Approximately $500 million is generated annually from the trade relationship between Rhode Island and Quebec, but states such as Vermont and New Hampshire are at $1 billion, while Massachusetts and Connecticut are at $2 billion. Governor Chafee views this discrepancy as potential for the relationship between Rhode Island and Quebec to grow even stronger.
