Ontario remains committed to nuclear power
The Ministry of Energy has a 10-question online survey to gather feedback on a 20-year supply plan, asking, for example, how much wind and solar power should be in the electricity mix.
Energy Minister Brad Duguid says he doesnÂ’t want to prejudge the consultations, but admits he wants to keep nuclear power providing 50 per cent of OntarioÂ’s electricity.
Duguid says he doesnÂ’t envision a scenario in which the province would lower its nuclear base load.
Greenpeace Canada says Duguid is plowing ahead with nuclear even though costs for two planned new reactors have more than doubled.
Greenpeace says the same Liberal government that excluded its energy plan from an environmental assessment is lowering the bar even further.
Duguid says the government will issue a directive to the Ontario Power Authority by the end of the year, but the long-range energy plan likely wonÂ’t be approved until after next yearÂ’s election.
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Ontario Teachers' Plan Acquires Brazilian Electricity Transmission Firm Evoltz
TORONTO - The Ontario Teachers’ Pension Plan has acquired Evoltz Participações, an electricity transmission firm in Brazil, from US asset manager TPG.
The retirement system took a 100% stake in the energy firm, Ontario Teachers’ said Monday. The acquisition has netted the pension fund seven electricity transmission lines that service consumers and businesses across 10 states in Brazil. The firm was founded by TPG just three years ago.
“Our strategy focuses on allocating significant capital to high-quality core infrastructure assets with lower risks and stable inflation-linked cash flows,” Dale Burgess, senior managing director of infrastructure and natural resources at Ontario Teachers, said…
