Bruce Power to invest $13 billion to refurbish nuclear stati

Bruce Power to invest $13 billion to refurbish nuclear stati

Postby Oscar » Sat Dec 05, 2015 10:35 am

Bruce Power to invest $13 billion to refurbish nuclear station on Lake Huron

[ http://www.thestar.com/news/queenspark/ ... -jobs.html ]

December 3, 2015

“The agreement makes 23,000 jobs possible and supports an estimated $6.3 billion in annual, local economic development,” Energy Minister Bob Chiarelli said Thursday.

By: Robert Benzie Queen's Park Bureau Chief, Published on Thu Dec 03 2015

Privately owned Bruce Power will invest $13 billion to refurbish the world’s largest nuclear station.

In a first for Ontario, the company will assume all the financial risk from any cost overruns in the overhaul of six of Bruce’s eight reactors on Lake Huron that is to begin in 2020.

While that is four years later for a refurbishment expected to start in 2016,‎ the delay is because the company has determined there is additional life in the reactors, the oldest of which were built in the 1970s.

“The agreement makes 23,000 jobs possible and supports an estimated $6.3 billion in annual, local economic development,” Energy Minister Bob Chiarelli said Thursday.

MORE:

[ http://www.thestar.com/news/queenspark/ ... -jobs.html ]

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Upgrades for Darlington, Bruce nuclear plants expected to create 25,000 jobs, could take 15 years to complete – December 5, 2015


[ http://www.durhamregion.com/news-story/ ... -years-to/ ]

Clarington This Week December 5, 2015

DURHAM -- Ontario is finally giving its aging nuclear fleet a multibillion-dollar facelift.

"The planned refurbishments will create almost 25,000 jobs and generate $5 billion annually in economic activity," Premier Kathleen Wynne said Wednesday.

"We're moving ahead with significant steps right now to ensure that the refurbishment of Darlington and Bruce are done right. So that refurbishment is in the planning stages."

MORE:

[ http://www.durhamregion.com/news-story/ ... -years-to/ ]
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Re: Bruce Power to invest $13 billion to refurbish nuclear s

Postby Oscar » Wed Dec 09, 2015 9:12 am

Liberal nuclear dreams are a nightmare for Ontario

[ http://www.greenparty.ca/en/media-relea ... re-ontario ]

December 03, 2015

Green Party of Canada stands with Ontario Greens to oppose the rebuilding of nuclear reactors in Ontario

(OTTAWA) December 3, 2015 - Efforts to reduce electricity bills and build the renewable energy sector were dealt a killer blow today.

“It’s a nightmare for Ontario to make a deal to rebuild six reactors at Bruce,” says GPO leader Mike Schreiner. “Spending billions on nuclear will drive up electricity prices with toxic energy.”

“Why are the Liberals wasting your money on nuclear power that we don’t need without any public oversight or input? This is especially odd after the Auditor General criticized the government for excess supply,” Schreiner adds.

Ontario currently has a surplus of power. The province’s base load generation from 2015 to 2020 will exceed demand according to Ontario’s Auditor General. Excess supply cancels out any financial savings from conservation and energy efficiency programs.

No nuclear project in Ontario’s history has delivered on time or budget. The GPO has collected over 1000 signatures on a petition calling on the government to conduct an independent public review of the costs of and alternatives to rebuilding the Bruce B Nuclear Station and the Darlington Nuclear Station.

“It’s irresponsible for Ontario to spend billions on nuclear when they have access to more affordable, emission free electricity,” says GPC leader Elizabeth May. “The risks are too high to spend money on rebuilding nuclear reactors that threaten the Great Lakes.”

Ontario does not have a plan for storing radioactive nuclear waste, nor does it have a public emergency plan to deal with a Fukushima-scale nuclear accident. Canadian taxpayers are on the hook for any nuclear accident that exceeds $1 billion.

Greens continue to oppose nuclear waste dumps that threaten the Great Lakes. The federal Green Party also seeks an amendment to the Nuclear Liability Act to increase maximum insured liabilities from $1 billion to $13 billion, which is the amount for which U.S. reactors are insured.

“We simply can’t leave a legacy of toxic waste and financial debt for our children and future generations,” says Schreiner. “Greens demand an independent public review of the costs of and alternatives to nuclear power.”

The GPO is on a mission to bring honesty, integrity and good public policy to Queen’s Park. - 30 -

For additional information or to arrange an interview, contact:

Julian Morelli
Director of Communications
Green Party of Canada
cell: (613) 614 4916
office: (613) 562 4916 (224)
julian.morelli@greenparty.ca
Oscar
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