Canadian Nuclear Safety Commission

Canadian Nuclear Safety Commission

October 25, 2007 15:57 ET

CNSC Announces Decision on a Financial Guarantee for the Future Decommissioning of Zircatec Precision Inc.'s Facility Located in Port Hope, Ontario

OTTAWA, ONTARIO--(Marketwire - Oct. 25, 2007) - Following a public hearing held on September 13, 2007, in Ottawa, Ontario, the Canadian Nuclear Safety Commission (CNSC) announced today its decision to accept the amended financial guarantee proposed by Zircatec Precision Industries Inc. for the future decommissioning of its Class IB Nuclear Fuel Facility located in Port Hope, Ontario.

The Record of Proceedings is available upon request by contacting the CNSC at the coordinates below. Transcripts of the hearing are available on the CNSC Web site at www.nuclearsafety.gc.ca, or by contacting the CNSC. The Record of Proceedings will be posted on the CNSC Web site in both official languages.

The CNSC regulates the use of nuclear energy and materials to protect health, safety, security and the environment and to respect Canada's international commitments on the peaceful use of nuclear energy.

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