Bruce Power decision wonÂ’t affect Cameco

subscribe

Cameco Port Hope will not be affected in the short term by Bruce Power's decision to refurbish its A and B Bruce nuclear stations rather than build new reactors to supply Ontario with 6,300 megawatts of electricity because doing so is more economical.

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.

Related News

alberta solar

Solar power is the red-hot growth area in oil-rich Alberta

CALGARY - Solar power is beating expectations in oil and gas rich Alberta, where the renewable energy source is poised to expand dramatically in the coming years as international power companies invest in the province.

Fresh capital is being deployed in the Alberta’s electricity generation sector for both renewable and natural gas-fired power projects after years of uncertainty caused by changes and reversals in the province’s power market, said Duane Reid-Carlson, president of power consulting firm EDC Associates, who advises on electric projects in the province.

“From the mix of projects that we see in the queue at the (Alberta Electric System…

READ MORE
electricity science

3 Reasons Why Cheap Abundant Electricity Is Getting Closer To Reality

READ MORE

Renewable electricity powered California

Renewable electricity powered California just shy of 100% for the first time in history

READ MORE

ofgem proposal

Two new electricity interconnectors planned for UK

READ MORE

substation

Russian Strikes Threaten Ukraine's Power Grid

READ MORE