Bruce Power Alberta

Bruce Power Alberta

July 08, 2008 10:30 ET

Bruce Power Alberta: New Plant a Potential Boost for Peace Country

Preliminary report outlines new jobs, investment new facility would bring to Alberta

PEACE RIVER, ALBERTA--(Marketwire - July 8, 2008) - A nuclear power plant would create more than 2,700 long-term jobs in the Peace Country and contribute $12 billion of gross domestic product to Alberta during the construction period alone, according to a preliminary study prepared for Bruce Power Alberta.

"While more detailed work needs to be done, this early report paints a good picture of the economic benefits our proposal could bring to the Peace Country," said Duncan Hawthorne, President and CEO of Bruce Power Alberta. "Having said that, the key to a successful environmental assessment is not found solely in the financial numbers. Of equal value is the social impact on the community and its residents, including First Nations. Our focus will continue to be on our conversation with the people of the Peace Country, answering their questions and taking guidance from their input."

Prepared by Golder Associates Limited of Calgary and SJ Research Services of Regina, the report is the first step in the development of a more thorough assessment of the social, economic and environmental impacts of building Alberta's first nuclear station. Earlier this year, Bruce Power filed an application with the Canadian Nuclear Safety Commission seeking approval to prepare a site that could generate 4,000 megawatts of electricity from two to four reactors.

Among other highlights of the preliminary report:

- Once built, a new plant would create about 2,700 new jobs in the Peace Country. That would include up to 1,900 permanent, full-time positions at the site itself and another 800 indirect or induced jobs throughout the region.

- Over the 10-year site preparation and construction period, the project would contribute a total of $12 billion of gross domestic product to the province of Alberta and about $7.3 billion to the region.

- During each of the approximately 60 years a plant would run, the project can be expected to result in about $280 million in labour income to the region, or about $520 million in labour income to the province.

To view the full report, please look to the Bruce Power Alberta pages on www.brucepower.com.

About Bruce Power Alberta

Bruce Power Alberta is an all-Canadian partnership among TransCanada Corporation of Calgary, Cameco Corporation of Saskatoon and BPC Generation Infrastructure Trust, a trust established by the Ontario Municipal Employees Retirement System and based in Toronto.

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