Bruce Power CANDU reactor back in service
TORONTO -- - Bruce Power has announced that its Unit 1, 750 megawatt CANDU reactor has produced electricity for the first time in 15 years. According to the Power Workers' Union, this is a big step forward in the revitalization of the 8 Unit Bruce Power Nuclear Generating Station.
The huge Restart Project to return Units 1 and 2 to operation is approaching completion. Through the efforts of thousands of construction, maintenance and engineering staff, approximately 160 Ontario based nuclear supply chain companies, specialized contractors and participating investors, the Bruce Power site will be the largest single source of electricity in the province for many years to come.
"The return to service of Units 1 and 2 is an important component in the revitalization of Ontario's electricity supply and a big step toward Bruce Power's goal of providing 6,300 MW of greenhouse gas emission-free electricity for decades to come," said Don MacKinnon, President of the Power Workers' Union.
The Bruce Power site has approximately 3,700 full time employees and supplies 25 percent of Ontario's electricity to power homes, schools, hospitals, businesses and farms in the province.
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Bellringer focuses on the deferred expenses in a report on the public utility's use of rate-regulated accounting to control the prices it charges customers.
"As of March 31, 2018, BC Hydro reported a total net regulatory asset of $5.455 billion, which is what ratepayers owe," says the report. "BC Hydro expects to recover this from ratepayers in the future. For BC Hydro, this is an asset. For ratepayers, this is a debt."
She says rate-regulated…