Economy let us delay nuclear plan, says premier


Substation Protection Training - Protect Transformers, Buses and Lines

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 12 hours Instructor-led
  • Group Training Available
Regular Price:
$799
Coupon Price:
$699
Reserve Your Seat Today
The worldwide recession has made it easier for Ontario to shelve plans for costly new nuclear reactors, admits Premier Dalton McGuinty.

McGuinty, whose government announced it was putting off a $20 billion expansion of the Darlington nuclear station, said "we have more breathing space than we originally thought" before new energy generation capacity is needed.

"The estimates that our best experts gave us three and four years ago are pretty different from those that we're getting right now," the premier told reporters at Georgian College.

"We didn't factor in the single greatest global economic recession in the past 80 years," he said.

That has led to more and more manufacturers and mills in the province shutting down and shaving demand for electricity.

"We've had a massive slowdown in economic growth. I think every year for the last four years we've required less and less electricity – not more, less," said McGuinty.

"Now that will turn around, there will be an increase in demand. We cannot meet all of that through renewables (like hydro, wind, and solar power) and aggressive conservation programs.

"There will be a need for more electricity."

McGuinty said federally owned Atomic Energy of Canada Ltd. is "the front-runner but definitely not the clear-cut winner based on the price" if and when any new nuclear reactors are eventually built.

The premier said his staff has been in touch with Prime Minister Stephen Harper's office in hopes that Ottawa, which is trying to sell AECL's reactor business, will help Ontario pay for new atomic needs.

Related News

Time running out for Ontario to formally request Pickering nuclear power station extension

Pickering Nuclear Plant Extension faces CNSC approval as Ontario Power Generation pursues license renewal before…
View more

California Considers Revamping Electricity Rates in Bid to Clean the Grid

California Electricity Rate Overhaul proposes a fixed fee and lower per-kWh rates to boost electrification,…
View more

Hurricane Michael by the numbers: 32 dead, 1.6 million homes, businesses without power

Hurricane Michael Statistics track catastrophic wind speed, storm surge, rainfall totals, power outages, evacuations, and…
View more

Nunavut's electricity price hike explained

Nunavut electricity rate increase sees QEC raise domestic electricity rates 6.6% over two years, affecting…
View more

Octopus Energy and Ukraine's DTEK enter Energy Talks

Octopus Energy and DTEK Partnership explores licensing the Kraken platform to rebuild Ukraine's power grid,…
View more

Shocking scam: fraudster pretending to be from BC Hydro attempts to extort business

BC Hydro Bitcoin Scam targets small businesses with utility impersonation, call spoofing, and disconnection threats,…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Live Online & In-person Group Training

Advantages To Instructor-Led Training – Instructor-Led Course, Customized Training, Multiple Locations, Economical, CEU Credits, Course Discounts.

Request For Quotation

Whether you would prefer Live Online or In-Person instruction, our electrical training courses can be tailored to meet your company's specific requirements and delivered to your employees in one location or at various locations.