Bruce Power will end 2017 two years into its Life-Extension Program, which remains on time and on budget.
The program, which began Jan. 1, 2016, will extend the life of the units through inspections, asset investments and the advancement of Major Component Replacement (MCR).
This $13 billion investment of private dollars will allow the site to operate up to 2064, supplying 30 per cent of Ontario’s electricity for decades, while generating zero carbon emissions and providing low-cost power to families and businesses.
“We are continuing to deliver clean, reliable, and low-cost electricity to Ontario, and over the past two years, we have established highly experienced teams of people who are executing our Life-Extension Program, allowing us to finish 2017 on time and on budget,” said Mike Rencheck, Bruce Power’s President and CEO. “We have invested hundreds of millions of dollars over the past two years on inspections, maintenance outages and asset management projects, as we prepare for the commencement of our Major Component Replacement Project starting in 2020.”
Other successes of 2017 include:
- Bruce Power generated 30 per cent of Ontario’s electricity at 30 per cent less than the average cost to generate residential power, while supplying clean, reliable and affordable energy that powers the lives and businesses of Ontario.
- To date in 2017, Bruce Power has generated 46.6 terawatt-hours of carbon-free electricity, surpassing its previous site record on Dec. 15. That’s enough electricity to power 5.2 million homes and businesses for the full year. Over the last half of December, the additional electricity over the previous site record will be enough to power an additional 278,000 homes.
- Bruce Power, and nuclear energy, received a vote of confidence from the Ministry of Energy when it released its updated Long-Term Energy Plan (LTEP) in October. The LTEP reconfirmed the importance of nuclear power to a low-carbon electricity system, and guaranteed Bruce Power the policy it needed to extend the life of its units to 2064.
- Unit 3 achieved a long-run record of 368 days of continuous operations, before it was removed from service for a planned life extension outage on Aug. 1.
- Bruce Power was awarded a Gold level certification for the second time by Canadian Council for Aboriginal Business (CCAB) for excellence in Indigenous relations. This is the highest level of recognition offered by the CCAB. Bruce Power was first awarded gold in 2014 and the company is one of only 17 in Canada to receive the designation.
- Bruce Power joined forces with Nordion Inc. and Cameco Fuel Manufacturing to ensure a reliable supply of Cobalt-60 will be available to the world’s medical community for decades. The end-to-end production of medical isotopes will save uncountable lives every year, through the sterilization of medical equipment, brain cancer treatment, virus suppression and more.
- Bruce Power and the County of Bruce created the joint Economic Development and Innovation Initiative in late-2016, and enjoyed many successes in 2017. About 20 nuclear companies opened – or announced plans to open – offices, production facilities and warehouses in Bruce, Grey and Huron counties. This will result in hundreds of long-term, skilled jobs, a stronger local economy, and many families moving into our communities.
- Bruce Power and its supplier partners signed hundreds of millions of dollars in contracts for the Unit 6 Major Component Replacement Project, which begins in 2020. Bruce Power’s Life-Extension Program will invest $4 billion into Ontario’s economy annually, creating and sustaining 22,000 jobs each year.
- The company broke ground on its 129,000 square foot office complex and training facility on Kincardine north’s end. Over 500 people will work there every day once it opens in 2019.
- Top 100 Projects ranked Bruce Power’s Life-Extension Program Number 1 on its Top 100 Canada’s Biggest Infrastructure Projects list for 2017. The $13 billion private investment, which will ensure Bruce Power provides 30 per cent of Ontario’s electricity through 2064, will be made over the next two decades.
- Bruce Power was named a Top Employer of Young People for the sixth straight year, and was also named one of Canada’s Most Admired Corporate Cultures. It also received the Outstanding Nuclear Site Achievement Award for its role in keeping the air clean in Ontario, as well as its significant contribution to jobs and the economy.
- The Community Investment and Sponsorship Program donated $2 million to local non-profit organizations, events, and Indigenous and environmental initiatives, while supporting dozens of local students through various scholarship programs. We also helped Canadians celebrate our country’s 150th birthday with a $75,000 event sponsorship program, while also launching a $100,000 Community Safety Fund.
- Our employees helped us raise the first $535,000 of our three-year, $1.6 million pledge to the United Way of Bruce Grey.
- About 10,000 people learned more about nuclear energy at the Bruce Power Visitors’ Centre in 2017, while 4,400 of those people took a site bus tour in July and August.
About Bruce Power
Formed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable, low-cost nuclear power to families and businesses across the province. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For more information, contact:
John Peevers – Department Manager, Communications and Media Relations
519-361-6583 – firstname.lastname@example.org