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

Seven small UK energy suppliers must pay renewables fees or risk losing licence

LONDON - Seven small British energy suppliers owe a total of 34 million pounds ($43.74 million) in renewables fees and could face losing their supply licences if they cannot pay, energy regulator Ofgem reports.

Under Britain’s energy market rules, suppliers of energy must meet so-called renewables obligations and feed-in tariffs which are imposed on them by the government to help fund renewable power generation.

Several small energy companies have gone bust over the past two years as they struggled to pay the renewables fees and as their profits were affected by a price cap on the most commonly used tariffs and fluctuating…

READ MORE

Energy experts: US electric grid not designed to withstand the impacts of climate change

READ MORE

power blackout

Study: US Power Grid Has More Blackouts Than ENTIRE Developed World

READ MORE

bc electricity demand graph

BC Hydro: 2021 was a record-breaking year for electricity demand

READ MORE

This kite could harness more of the world's wind energy

READ MORE