TIVERTON, ONTARIO--(Marketwired - Dec. 2, 2013) - Bruce Power is pleased the Ontario government has confirmed its continued policy role of providing 6,300 megawatts of affordable, clean electricity for the long term, as part of nuclear meeting half of the province's energy needs.
The results of Ontario's Long-Term Energy Plan review were released today, and reflect the importance of a successful nuclear renewal program. This policy commitment allows the nuclear industry to focus on the refurbishment program. Ontario's plan, which serves as the policy framework for electricity, outlines the importance of nuclear to the province's energy supply and has identified a long-term schedule for securing the output from both the Bruce and Darlington facilities.
"Bruce Power believes the focus on renewing our nuclear fleet is the right thing to do, as both the Bruce and Darlington units are critical to protecting the air we breathe and keeping electricity prices low and stable for our families and businesses for future generations," said Duncan Hawthorne, Bruce Power President and CEO.
"Over the last 12 years, Bruce Power has restarted units and demonstrated countless technical innovations to return our site to its full potential. Bruce Power will deliver the renewal program knowing we won't be tackling anything we haven't done before. Building on the experience we've gained through the refurbishment of Bruce A will be essential to our success and this will form the basis of commercial arrangements that we will now advance."
Tackling this important refurbishment program will require the industry to pull together to return clean, safe and reliable units to service. With the policy now in the place, the focus turns to creating commercial arrangements to move the program ahead, Hawthorne added.
In 2012, Bruce Power returned its site to eight units of output following a multi-year revitalization program. In parallel, Hydro One successfully completed the Bruce-to-Milton transmission line to support this additional output, which represented the largest project of its kind in a generation.
The Bruce Power site provides affordable electricity prices for Ontario families and businesses, and has also provided 70 per cent of the additional electricity needed since 2002 to phase out coal in the province.
Here is a link to Bruce Power's Long-Term Energy Plan brief released in October.
About Bruce Power
Bruce Power operates the world's largest nuclear site and is the source of over 25 per cent of Ontario's electricity. The company's site in Tiverton, ON, 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 Hamilton. 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 Society of Energy Professionals. A majority of Bruce Power's employees are also owners in the business.