Nuclear not dead yet: Ontario premier

subscribe

Ontario Premier Dalton McGuinty says a reported $26-billion price tag for two new nuclear reactors isn't going to derail the province's nuclear ambitions.

McGuinty says he's confident ongoing talks with the federal government over Atomic Energy of Canada Ltd.'s bid will yield a better deal, but he hasn't set a firm deadline.

And while the project is more expensive than anticipated, McGuinty says Ontario has the information ahead of time and that means it will be able to better assess how to deal with possible costs overruns.

Ottawa, McGuinty adds, must take into account the future of Canada's domestic nuclear industry as it "sharpens its pencils" to try to help top bidder AECL come up with a more competitive deal.

His comments follow reports that AECL wanted $26 billion to build two new reactors in Darlington, east of Toronto – a total that would wipe out the whole amount budgeted for nuclear expansion in the province.

Energy Minister George Smitherman announced plans to put its nuclear power plans on hold last month because the bid was “billions” away from the $6 billion the province had expected to pay.

Neither Smitherman nor McGuinty would reveal the amount of the bid from AECL, deemed the only compliant proposal out of three offers, citing confidentiality agreements.

Greenpeace analyst Shawn-Patrick Stensil says Prime Minister Stephen Harper must say no to what would amount to a $20-billion nuclear bailout.

He also blasted Ontario for failing to disclose the cost escalation.

Related News

Scotland’s Wind Farms Generate Enough Electricity to Power Nearly 4.5 Million Homes

GLASGOW - Wind turbines in Scotland produced enough electricity in the first half of 2019 to power every home in the country twice over, according to new data by the analytics group WeatherEnergy. The wind farms generated 9,831,320 megawatt-hours between January and June — equal to the total electricity consumption of 4.47 million homes during that same period.

The electricity generated by wind in early 2019 is enough to power all of Scotland’s homes, as well as a large portion of northern England’s.

“These are amazing figures,” Robin Parker, climate and energy policy manager at WWF, which highlighted the new data, said…

READ MORE
summerside electric

Summerland solar power project will provide electricity

READ MORE

elon musk

Tesla CEO Elon Musk slams Texas energy agency as unreliable: "not earning that R"

READ MORE

seattle-city-light-initiative-helps-customers-reduce-electricity-bills

Seattle City Light's Initiative Helps Over 93,000 Customers Reduce Electricity Bills

READ MORE

ontario electrical transmission

National Steel Car appealing decision in legal challenge of Ontario electricity fee it calls an unconstitutional tax

READ MORE