Bruce Power

Bruce Power

June 10, 2013 13:22 ET

Bruce Power Statement on Changes to Nuclear Liability Act

TIVERTON, ONTARIO--(Marketwired - June 10, 2013) - Today, Canada's Minister of Natural Resources announced the federal government intends to proceed with changes to modernize the Nuclear Liability Act. For a number of years, Bruce Power has been an active supporter of modernizing the 40-year-old act.

Bruce Power supports the announcement by the federal government to modernize the Nuclear Liability Act and looks forward to seeing legislation introduced to reflect these changes and working with the government to create competition to provide the necessary capacity.

Canada's nuclear industry is a source of safe, affordable and clean electricity for families and businesses. Bruce Power is the largest nuclear facility in Canada and provides nearly a third of Ontario's electricity through one of the country's largest public-private partnerships. More output from Bruce Power nuclear over the last decade has been a large contributor to Ontario's plan to phase out coal-fired generation and will be essential to supporting Canada's greenhouse gas reduction efforts.

For a copy of the announcement from Natural Resources Canada visit:

About Bruce Power

Bruce Power operates the world's largest nuclear sites and is the source of roughly 25 per cent of Ontario's electricity. The company's site in Tiverton, Ontario is home to eight CANDU reactors, each one capable of generating enough low-cost, reliable, safe and clean electricity to meet the annual needs of a city the size of Ottawa. Formed in 2001, Bruce Power is an all-Canadian partnership among TransCanada, Cameco, Borealis Infrastructure Management (a division of the Ontario Municipal Employees Retirement System) as well as the Power Workers' Union and the Society of Energy Professionals. A majority of Bruce Power's employees are also owners in the business.

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