The future of Bruce Power is bright, as a hugely successful 2015 comes to a close.
The company is on track to produce over 30 per cent of Ontario’s power at 30 per cent below the residential price of electricity, all while setting records for output from its Bruce A and B stations, which are some of the top-performing plants in the world. This impressive performance was recognized on Dec. 3 when Bruce Power and the Ontario government announced a long-term agreement to refurbish Units 3-8, that will see the site operate until 2064, while securing and creating thousands of jobs and investing billions into Ontario’s economy annually.
“Announcing the refurbishment deal to our employees might have been the best Christmas gift I’ve ever received,” said Duncan Hawthorne, Bruce Power President and CEO. “It is through their quality work and excellent performance that I was able to demonstrate to the government and our investors that these units are worth the investment. We have a lot of work ahead of us, but I’m confident they will be rewarded for their trust.”
Here are some highlights from an eventful 2015:
- On Dec. 3, Bruce Power and the Independent Electricity System Operators (IESO) announced an amended, long-term agreement to secure 6,300 megawatts of electricity from the Bruce Power site, through a multi-year, $13 billion investment program. Bruce Power will begin main component replacement on Units 3-8 in 2020, starting in Unit 6. This will generate between 1,500 and 2,500 jobs on site annually – and 18,000 across Ontario directly and indirectly – while injecting up to $4 billion annually into Ontario’s economy.
- As of today, employees have worked nearly 13 million hours without an acute lost-time injury. This is the equivalent of 18 months without an LTI on the Bruce Power site. Bruce Power was rewarded for their safety record with a Fully Satisfactory mark in the annual Canadian Nuclear Safety Commission report card.
- Bruce A and Bruce B are on track to set records for electricity output in 2015, all while providing the province with 2,400 megawatts of flexible generation, reducing output as demand across Ontario fluctuates.
- Bruce Power completed an extensive planned maintenance outage program in 2015, investing about $400 million private dollars into these publicly owned assets. By investing in regular maintenance, we are ensuring the units will operate with a high degree of reliability into the future.
- Bruce Power received a five-year operating licence extension from its regulator, the Canadian Nuclear Safety Commission, after a public hearing in Kincardine. Dozens of people either wrote a letter of support of Bruce Power or spoke in person before the commission to recommend the licence renewal.
- Bruce A received three Fully Satisfactory and 12 Satisfactory grades while Bruce B received four Fully Satisfactory grades and 11 Satisfactory, in the annual CNSC safety report cards. Bruce B received an Integrated Plant Rating of Fully Satisfactory which is the highest ranking a nuclear plant can achieve and an improvement over last year. Bruce B also received Fully Satisfactory in Operating Performance, Conventional Health and Safety, Waste Management and Security. Bruce A received Fully Satisfactory marks in Conventional Health and safety, Waste Management and Security.The CNSC has compared the Fully Satisfactory and Satisfactory marks to grades of ‘A+’ and ‘A’ respectively in media reports.
- The company is continuing to strengthen its relationship with Aboriginal communities. This year, Bruce Power created a new scholarship program, which provided 10 post-secondary students with $2,000 each for their studies, while also providing thousands of dollars to community organizations and youth and adult activities in the local communities. The company also created a new, $1.2 million Aboriginal Community Investment Fund that will seek to invest in key community, educational, environmental, training and youth development initiatives in local Aboriginal communities from 2016-20.
- Bruce Power was honoured with the Platts Global Energy Award for Industry Leadership in the power sector at an event in New York City on Dec. 10. The award, often described as the “Oscars of the energy industry,” the highlights corporate and individual innovation, leadership and superior performance in 17 categories that span the entire energy complex.
- Bruce Power and a coalition of agencies and municipalities with an interest in public safety launched a new website – www.bepreparedgreybrucehuron.com – to provide residents of Grey, Bruce and Huron counties with the information they need to prepare for emergencies. The company successfully distributed potassium iodide tablets to all residents within a 10 kilometre radius of the site, as per a new mandate from the CNSC. All residents within 50 km were given a voucher for the tablets, which protect the thyroid from radiation in the unlikely occurrence of an event at the station.
- Bruce Power launched its Environment and Sustainability Fund, which will see $500,000 invested annually in projects that advance conservation, restoration and education in Grey, Bruce and Huron counties. Some early programs include the installation of electric vehicle charging stations, the Lake Huron Fishing Club’s mini-hatcheries program and watershed protection initiatives.
- Bruce Power opened a $25 million, 23,000 square foot fire training facility, providing greater training opportunities for our Emergency and Protective Services department, as well as co-training opportunities with municipal fire departments.
- For the fourth straight year, Bruce Power was named one of Canada’s Top Employers for Young People, which recognizes the nation’s best employers when it comes to attracting and retaining younger workers.
- Bruce Power launched an initiative to encourage its suppliers to become members of Canadian Council for Aboriginal Businesses (CCAB) in order to strengthen links to Aboriginal communities and businesses. The company also enhanced its contracting process to include recognition for companies that are Aboriginally-owned, employ Aboriginal people, have an Aboriginal Policy and are active CCAB members.
- Bruce Power and Nordion signed a memorandum of understanding to create a new, long-term supply of an important cancer-treating isotope, Cobalt-60, that will benefit health care patients in Canada and around the world.
- Bruce Power was chosen by the CNSC to host a prestigious International Atomic Energy Association Operational Safety Review Team (OSART) Mission in December. The findings will be shared by IAEA members across the world to support continuous improvement of their operations.
About Bruce Power
Bruce Power operates the world’s largest operating nuclear generating facility and is the source of roughly 30 per cent of Ontario’s electricity. The company’s site in Tiverton, Ontario is home to eight CANDU reactors, each one capable of generating enough low-cost, reliable, safe and clean electricity to meet the annual needs of a city the size of Hamilton. Formed in 2001, Bruce Power is an all-Canadian partnership among Borealis Infrastructure Management (a division of the Ontario Municipal Employees Retirement System), TransCanada, the Power Workers’ Union and the Society of Energy Professionals. A majority of Bruce Power’s employees are also owners in the business.
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For further information, please contact:
John Peevers 519-361-6583 email@example.com