Bruce Power decision wonÂ’t affect Cameco

PORT HOPE, ONTARIO - Cameco Port Hope will not be affected in the short term by Bruce Power's decision to refurbish its A and B Bruce nuclear stations rather than build new reactors to supply Ontario with 6,300 megawatts of electricity because doing so is more economical.

The company said it will withdraw its application to build new reactors at Nanticoke, Ontario, due to declining electricity demand in the Central Canadian province.

"It's strictly a business decision based on the current economic situation in Ontario," said senior communications specialist Doug Prendergast, Cameco Port Hope.

Bruce said it will study the feasibility of refurbishing units 3 to 8 at Bruce, which would inject another 1,500 MW of baseload generation into the Ontario market, following the successful restart of units 1 and 2.

"From Cameco Port Hope's perspective, it really doesn't have an impact on our business," said Prendergast.

He said that the new reactors would take 10 years or more to bring online, so there is no short-term effect for Cameco.

"Development of new reactors would have an impact in the long term, but there are no impacts to our plans at this time," said Prendergast.

Related News

kenney

Alberta Carbon tax is gone, but consumer price cap on electricity will remain

CALGARY - Alberta's carbon tax has been cancelled, but a consumer price cap on electricity — which the levy pays for — is staying in place for now.

June electricity rates are due out on Monday, about four days after the new UCP government did away with the carbon charge on natural gas and vehicle fuel.

Part of the levy's revenue was earmarked by the previous NDP government to keep power prices at or below 6.8 cents per kilowatt hour.

"The Regulated Rate Option cap of 6.8 cents/kWh was implemented by the previous government and currently remains in effect. We are reviewing all…

READ MORE
florida power crews

Ontario sending 200 workers to help restore power in Florida

READ MORE

california power lines

California's future with income-based flat-fee utility bills is getting closer

READ MORE

Seaspan Reliant

Electricity and water do mix: How electric ships are clearing the air on the B.C. coast

READ MORE

germany coal plant

Germany is first major economy to phase out coal and nuclear

READ MORE