A good news day for Bruce energy
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It was a good news day on Tuesday (Nov. 23) for Bruce County and the
province as MPP Carol Mitchell announced the Ontario government's plan
to go ahead with a Long Term Energy Plan that includes the complete
refurbishment of all Bruce Power units.
(L) Murray Elston, CEO Duncan Hawthorne and MPP Carol Mitchell
As part of the Provincial government's commitment of $87billion for energy modernization, all remaining units at the Bruce Power Site will undergo complete refurbishment, ensuring the site remains a critical component of Ontario’s clean, reliable nuclear fleet.
"Nuclear power will continue to make up 50 per cent of our electricity supply and the Bruce Site will account for approximately half of that supply," Mitchell pointed out, "and, as a primary source of base-load generation, nuclear is a non-greenhouse gas emitting source of electricity."
In addition to the two Bruce refurbishments currently underway, the plan calls for the refurbishment of the six remaining units at the Bruce site over the next 12 years.
See Above for Carol Mitchell's full speech
Nuclear power is an essential component of Ontario’s energy supply mix and additional refurbishment means that Bruce Power will continue to play a vital role in the energy system for decades to come. This means a continued supply of cost-competitive base-load power for Ontario ratepayers and will pave the way for continued dialogue and mutually agreeable contractual arrangements, which began and have been progressed since 2005, between Bruce Power and the Ontario Power Authority.
"Nuclear is the backbone of our system," said Mitchell, "and will continue to supply clean, reliable emissions-free power to Ontarians and employment to many of our communities. These refurbishment plans will bring up to 3,000 construction jobs throughout a 12-year period with long term employment for the 4,000 people who run the Bruce Power Site. Once all eight units are refurbished, the Bruce Power Site will be capable of producing 6,300 megawatts"
Ontario’s Long-Term Energy Plan 20-year energy plan builds a clean energy future and will create a balanced mix of clean power sources.
Bruce Power, Huron-Bruce’s largest employer, continues to supply approximately 25 per cent of the province’s power, making the area a major contributor to the reliability of Ontario’s energy system.
“I have been fighting for this because it means clean, secure power for Ontario and good, stable jobs for the people of Huron-Bruce," added Mitchell. "The Minister of Energy has been clear that our government is committed to refurbishment and that Bruce Power will play a key role in our energy system for years to come.”
Nuclear is expected to continue to be the single-largest source for Ontario’s electricity generation now through to 2030.
According to President and CEO, Duncan Hawthorne, the recent announcement means that the provincial government commitment will have a positive result when it comes to investor support. "This is a viable industry for years to come," said Hawthorne. "Long term planning is critical. Now we can talk about detailed logistics and the key focus is to get unit two on board in 2011 and unit one in 2012."
Hawthorne went on to point out that it will take some $12billion to complete the refurbishments but it will extend the life of the Bruce Power site by at least 40 years. "The fact that the government has made this commitment," says Hawthorne, "will also have a huge impact on our investors."
President & CEO Duncan Hawthorne(L) and MPP Carol Mitchell have a quiet discussion following the announcement
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Wednesday, November 24, 2010