Nuclear reactor bid details revealed
OTTAWA, ONTARIO - Documents left at a CTV News office by a then-aide to federal Natural Resources Minister Lisa Raitt have exposed insider details of the bidding to build two new nuclear reactors in Ontario.
CTV says the Atomic Energy of Canada Ltd. documents suggest the federally owned firm is concerned about going over budget if it's selected. Also bidding are Areva Group of France and U.S.-based Westinghouse Electric Co.
The documents say there's a risk the firm could encounter large cost overruns, which could be passed on to taxpayers, and conditions imposed by Ottawa resulted in AECL submitting a high bid.
Related News
Parked Electric Cars Earn $1,530 From Europe's Power Grids
PARIS - Electric car owners are earning as much as $1,530 a year just by parking their vehicle and feeding excess power back into the grid.
Trials in Denmark carried out by Nissan and Italy’s biggest utility Enel Spa showed how batteries inside electric cars could help balance supply and demand at times and provide a new revenue stream for those who own the vehicles.
Technology linking vehicles to the grid marks another challenge for utilities already struggling to integrate wind and solar power into their distribution system. As the use of plug-in cars spreads, grid managers will have to pay…
