Bruce Power decision wonÂ’t affect Cameco
The company said it will withdraw its application to build new reactors at Nanticoke, Ontario, due to declining electricity demand in the Central Canadian province.
"It's strictly a business decision based on the current economic situation in Ontario," said senior communications specialist Doug Prendergast, Cameco Port Hope.
Bruce said it will study the feasibility of refurbishing units 3 to 8 at Bruce, which would inject another 1,500 MW of baseload generation into the Ontario market, following the successful restart of units 1 and 2.
"From Cameco Port Hope's perspective, it really doesn't have an impact on our business," said Prendergast.
He said that the new reactors would take 10 years or more to bring online, so there is no short-term effect for Cameco.
"Development of new reactors would have an impact in the long term, but there are no impacts to our plans at this time," said Prendergast.
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Nova Scotia can't order electric utility to lower power rates, minister says
HALIFAX - The province can't ask Nova Scotia Power to lower its rates to ease the financial pressure on out-of-work residents because it lacks the authority to take that kind of action, the provincial energy minister said Thursday.
Derek Mombourquette said he is in "constant contact" with the privately owned utility.
"The conversations are ongoing with Nova Scotia Power," he said after a cabinet meeting.
When asked if the Liberal government would order the utility to lower electricity rates as households and businesses struggle with the financial fallout from the COVID-19 pandemic, Mombourquette said there was nothing he could do.
"We don't have the…
