A strong Bruce Power, with eight refurbished units, will be essential for the Ontario government to be a global clean energy leader, while meeting the needs of an additional five million residents by 2040.
Duncan Hawthorne, Bruce Power President and CEO, gave a passionate speech at the Toronto Region Board of Trade this morning, outlining Bruce Power’s Vision 2040, which will provide the people and businesses of Ontario with 6,300 megawatts (MW) of clean, reliable and low-cost energy for generations.
“In order to meet the energy needs of the province, while being the first jurisdiction in North America to phase out coal, it’s important we take a long-term view of how the Bruce Power site will continue to keep electricity costs low, while strengthening our economy through jobs and investment,” Hawthorne said.
Bruce Power nuclear provides nearly a third of the Ontario’s energy and is helping the province remove coal-fired plants from service, providing approximately 70 per cent of the additional energy needed to meet this goal. Hawthorne said the company is ready to invest billions of private funds in public assets over the next 15 years by securing the site through Canada’s largest public-private partnership.
“Nuclear – and, specifically, Bruce Power – is the economic engine of this province. We have invested $7 billion over the past 10 years, while providing high-quality jobs and low-cost and clean power to families and businesses. Jobs and the economy is a top priority for Ontario and we will continue to play a key role on this front.”
There is nothing to do on the Bruce site that we haven’t already done, Hawthorne added, when referencing the successful completion of the Units 1 and 2 Restart project last fall.
“We have the skill set, passion and track record to show we can do it. We have done things on Restart that many believed could never be done. We may have had our challenges, but that’s what pioneers do – take a chance, sort out the problems and keep going.”
About Bruce Power
Bruce Power operates the world’s largest nuclear sites and is the source of roughly 25 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 Ottawa. Formed in 2001, Bruce Power is an all-Canadian partnership among TransCanada, Cameco, Borealis Infrastructure Management (a division of the Ontario Municipal Employees Retirement System) as well as the Power Workers’ Union and the Society of Energy Professionals. A majority of Bruce Power’s employees are also owners in the business.
For further information, please contact:
John Peevers – 519-361-6583 – firstname.lastname@example.org
Duty Media Officer – 519-361-6161