Bruce nuclear refit $1 billion over budget
KINCARDINE, ONTARIO - The refit of two reactors at one of Bruce PowerÂ’s two nuclear plants is $1 billion over budget, and counting.
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
City of Vancouver named Clean Energy Champion for Bloedel upgrades
VANCOUVER - The City of Vancouver has been selected as BC Hydro’s first Clean Energy Champion for energy efficient upgrades made at the Bloedel Conservatory that cut greenhouse gas emissions by 90 per cent.
BC Hydro’s Clean Energy Champions program is officially being launched today to recognize residents, businesses, municipalities, Indigenous and community groups across B.C. that have made the choice to switch from using fossil fuels to using clean electricity in three primary areas: homes and buildings, transportation, and industry. The City of Vancouver is being recognized as the first champion for demonstrating its commitment to using clean energy to…
