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.
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B.C. Hydro doing good job managing billions in capital assets, says auditor
VICTORIA - A report by B.C.’s auditor-general says B.C. Hydro is doing a good job managing the province’s dams, generating stations and power lines.
Carol Bellringer says in the audit that B.C. Hydro’s assets are valued at more than $25 billion and even though some generating facilities are more than 85 years old they continue to operate near full-capacity.
The report says about 80 per cent of Hydro’s assets are dams, generators, power lines, poles, substations and transformers that are used to provide electrical service to B.C.
The audit says Hydro invested almost $2.5 billion to renew, repair or replace the assets it…
