The Hon. Glenn Thibeault, Ontario’s Minister of Energy, as well as other dignitaries, thanked Bruce Power today for providing reliable, low-cost, carbon-free energy, while creating thousands of spin-off jobs annually across the province.
During a luncheon held with community leaders and suppliers who represented about 20,000 of their employees who benefit from the Bruce Power site, Minister Thibeault emphasized his government’s commitment to the role nuclear power plays in Ontario’s electricity supply mix.
“It’s the clean, reliable and affordable nature of that (nuclear) power that makes it the backbone of our electricity supply and a focus for our government,” Minister Thibeault said. “But at the same time, nuclear power also supports businesses, it creates well-paying jobs, and it helps in building a stronger economy.
“Our 2013 Long-Term Energy Plan made clear our commitment to ensuring we build on these successes and strive for an even stronger position,” said the Minister, who also toured Bruce B while on site. “To that end, Ontario will refurbish 10 nuclear units at Darlington and here at Bruce over the course of the next 15 years. Refurbishment is a major undertaking for our province and a major engine for our economy, and I couldn’t be more confident in the team here at Bruce to get that job done, because the scale of these projects is unprecedented.
“It’s about creating more than 25,000 jobs and opportunities for Ontario workers of all walks of life, and that impact is felt and seen right here in Bruce County. But, fundamentally, it’s about ensuring that families and businesses, from Stratford to Sudbury, have clean, reliable and, most of all, affordable electricity.”
Karl Baldauf, Vice President, Policy and Government Relations, Ontario Chamber of Commerce, said Bruce Power plays an important role in keeping electricity prices low for families and businesses, as it generates 30 per cent of Ontario’s electricity at 30 per cent less than the average residential price of energy.
“Continued investment in nuclear generation assets will result in the best outcome for Ontario’s economy, with up to 100,000 more jobs, $60 billion in economic benefit and fewer greenhouse gas emissions,” Baldauf said. “Bruce Power presents a competitive advantage because it generates 30 per cent of Ontario’s electricity at 30 per cent less than the average residential price of energy. As we know, the price of electricity directly influences the province’s ability to attract and retain businesses and foster economic growth.
“Low-cost electricity from Bruce Power helps Ontario’s businesses compete in a global market. Bruce Power nuclear is one of the most affordable sources of energy, which helps keep the price of power down in Ontario for our members and their families. The economic benefits span far beyond this region, and will create opportunity throughout Ontario. That means jobs for Ontarians across the province, and, as we are learning here today, this investment is not only economic in nature, but also has important social benefits.”
Vanessa Foran, President and CEO of the Asthma Society of Canada, presented Bruce Power with a Clean Air Leadership Award.
“At the Asthma Society of Canada, we’re always looking for partners who are actively improving the quality of life for people who live with asthma, allergies and other respiratory illnesses,” Foran said. “With Bruce Power’s leadership in providing 70 per cent of the energy Ontario need to phase out coal-fired electricity, this clean-air initiative was made possible, and has been hailed as one of the most important in North America. The result from this has been a sharp reduction in smog days in the Greater Toronto Area – from a high of 48 in 2005 to zero in 2015.
“As we continue to reduce carbon emissions and partner with like-minded companies like Bruce Power, we increase the quality of life for our residents, especially those who suffer with asthma.”
Mike Rencheck, Bruce Power’s President and CEO, said it was an honour to give the Minister of Energy his first tour of Bruce B, and he looks forward to working with the provincial government as it revisits its Long-Term Energy Plan this fall.
“The Ministry of Energy has put a lot of faith in Bruce Power as we approach the beginning of our refurbishment project in 2020,” Rencheck said. “The project will result in billions being invested into Ontario’s economy every year, our hospitals being safer through the production of Cobalt-60 for medical sterilization, thousands of high-paying, skilled jobs being created annualy, and the air we breathe being cleaner, through 2064.”
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. Formed in 2001, Bruce Power is an all-Canadian partnership among Borealis Infrastructure Trust 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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