Bruce nuclear refit $1 billion over budget
TransCanada Corp. reported that refurbishing two units of the Bruce A nuclear plant near Kincardine has cost $3.8 billion to date.
The original cost estimate, when the project was announced in 2005 was $2.75 billion.
And the project is far from finished, as TransCanada says the plant wonÂ’t be restarted until the end of 2011, with commercial operation beginning in 2012.
It was originally planned to be restarted by the end of 2009.
TransCanada says its share of the total cost of the project is expected to be $2.4 billion. It owns Bruce Power in partnership with the OMERS pension fund and an employee group.
Related News
Reconciliation and a Clean Electricity Standard
WASHINGTON - The Biden Administration and Democratic members of Congress have supported including a clean electricity standard (CES) in the upcoming reconciliation bill. A CES is an alternative to pricing carbon dioxide through a tax or cap-and-trade program and focuses on reducing greenhouse gas emissions produced during electricity generation by establishing targets. In principle, it is a technology-agnostic approach. In practice, however, it pushes particular technologies out of the market.
The details of the CES are still being developed, but recent legislation may provide insight into how the CES could operate. In May, Senator Tina Smith and Representative Ben Ray Luján…
