DBRS Rates Hydro-Québec’s Issue of U.S. $1,000,000,000 2.000% Global Notes Series JO at A (high)

DBRS has today assigned a rating of A (high) with a Stable trend to Hydro-Québec’s (Hydro-Québec or the Company) U.S. $1,000,000,000 Global Notes Series JO (the Notes), which are expected to settle on June 30, 2011. The Notes will mature on June 30, 2016, and have a coupon of 2.000% per year, payable semi-annually.

The Notes will rank equally with all other debt securities of Hydro-Québec. Proceeds from this issue will be added to the Company’s general funds and used for general corporate purposes.

Notes:

The applicable methodology is Rating North American Energy Utilities (Electric, Natural Gas and Pipelines), which can be found on the DBRS website under Methodologies.