Big Becky to break through Friday 13
NIAGARA FALLS, ONTARIO - The Niagara Tunnel Project will hit an important milestone May 13 when Big Becky, the world's largest hard rock tunnel boring machine "breaks through" to daylight after a 10.2 kilometre journey beneath Niagara Falls.
When completed in 2013 the Niagara Tunnel will increase the output at Ontario Power Generation's Sir Adam Beck Generating Station and provide clean, renewable energy for an additional 160,000 Ontario homes.
The tunnel mining is a major component of the project and tunnel-mining tradition calls for a celebration when the mining is completed.
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All trends are Stable. The ratings of OPG continue to be supported by (1) the reasonable regulatory regime in place for the Company's regulated generation facilities, (2) strong cash flow-to-debt and debt-to-capital ratios and (3) continuing financial support from its shareholder, the Province of Ontario (the Province; rated AA (low) with a Stable trend by DBRS). The Province, through its agent, the Ontario Electricity Financial Corporation…
