You’re definitely right by that measure. There’s a famous hydro energy deal between the provinces of Newfoundland and Quebec in Canada where in the 1960s Newfoundland agreed to provide hydro power in a long term contract (80 years?) for what is now a fraction of its value. It’s viewed as an enormous boondoggle (“Churchill Falls”) but what most don’t realize is it was signed under the expectation that the coming wave of cheap, abundant nuclear would make hydro power uncompetitive.