Bruce Power

Bruce Power

October 17, 2014 09:15 ET

Economic Impact Study Outlines Role Bruce Power Plays on Low Prices, Ontario's Economy

TIVERTON, ONTARIO--(Marketwired - Oct. 17, 2014) - Today, a coalition of respected business, economic development, trades and union leaders released an Economic Impact Study on the positive role the Bruce Power site plays in the province.

'Affordable Power. Jobs & Growth.' highlights the positive impact Bruce Power's eight nuclear units, which supply about one-third of Ontario's electricity while producing no carbon emissions, have on keeping power prices stable and low, while providing a major boost to the province's economy.

The study, which was released during the Provincial Building and Construction Trades Council of Ontario's annual conference, outlines the importance of refurbishing Bruce Power's remaining six units, which will ensure the long-term stability of power prices and create thousands of jobs, increase Ontario's tax revenue and boost economic growth for decades to come.

The study was jointly authored by the Provincial Building and Construction Trades Council of Ontario, Southwest Economic Alliance, Canadian Manufacturers & Exporters, The Society of Energy Professionals, the Power Workers' Union and Bruce Power.

"Securing the future of the Bruce Power site means creating and sustaining 18,000 jobs and $4 billion in economic activity per year, capturing investments in operational equipment, supplies, materials, and labour income for workers and their families in communities throughout southwestern Ontario and beyond."

Patrick Dillon, Business Manager, Provincial Building and Construction Trades Council of Ontario

"The current investment and operation program at Bruce Power projects a contribution of 15,000 jobs and $3 billion annually into our economy. This is critical for southwestern Ontario. Not only will Bruce Power create economic activity directly, it will play a key role by providing affordable electricity to families and businesses across the province."

Serge Lavoie, President, Southwest Economic Alliance

"Over the last 12 years, we have worked closely with Bruce Power to create economic opportunities for our manufacturers in the province, and the company's $7 billion investment program has been, and will continue to be, a major boost to the province. While these projects will have significant economic impacts, they will also continue to provide Ontarians with affordable, reliable electricity, which is important to our manufacturing sector in particular."

Ian Howcroft, Vice-President, Canadian Manufacturers & Exporters Ontario

"The nuclear industry - and particularly our members who have worked on the Bruce site - has experience building, maintaining and refurbishing reactors for power generation. Operations and renewal of the Bruce Power nuclear fleet has the potential to sustain many high-quality jobs through 2050 and beyond, if plans for refurbishment are realized. Jobs within this industry last five to 50 years, and are well paid and knowledge rich."

Don MacKinnon, President, Power Workers' Union

"The Bruce Power site provides long-term jobs in the areas of skilled trades, engineering and professionals. By refurbishing the six remaining Bruce Power units, the people of Ontario will be guaranteed stable, affordable electricity from the site and thousands of direct and indirect jobs for decades."

Scott Travers, President, Society of Energy Professionals

"The Economic Impact Study factually outlines how Bruce Power's role is a 'one-two punch' for our province to achieve balance in generating affordable, stable electricity prices for Ontario families and businesses on the one hand, while securing investment that will be a key source of job creation and economic growth for the province on the other."

Duncan Hawthorne, Bruce Power President and CEO

Here is a link to the full study: http://www.brucepower.com/wp-content/uploads/2011/04/140368_EconomicImpactStudy-5med.pdf.

Contact Information

  • Canadian Manufacturers & Exporters
    Ian Howcroft
    1-800-268-9684 x3256

    Southwest Economic Alliance
    Serge Lavoie
    519-859-7763

    Provincial Building and Construction Trades Council
    of Ontario
    Pat Dillon
    416-679-8887

    Power Workers' Union
    Don MacKinnon
    416-481-7115

    Society of Energy Professionals
    Scott Travers
    416-979-2709 x5002

    Bruce Power
    John Peevers
    519-361-6583