The Hon. Glenn Thibeault, Ontario’s Minister of Energy, got his first look at Bruce Power today, during a tour of the Bruce B station, and offered praise for the role the company plays in providing low cost power to Ontarians.
The Minister, who took over the Energy portfolio in June, was joined by President and CEO Mike Rencheck at a welcome gathering of 250 employees, while Bruce Power was also recognized by the Ontario Chamber of Commerce for providing low-cost electricity and by the Asthma Society of Canada for its central role in the phase out of coal.
“Ontario is proud of the role that nuclear power plays – and will continue to play – in our supply mix,” Minister Thibeault said. “Moving forward, the Bruce Power refurbishment will create tens of thousands of jobs and drive economic activity in this community and across the province. By working together, we will ensure this station provides clean, reliable and affordable power for decades to come.”
Bruce Power, the world’s largest operating nuclear generating facility with eight operating units, annually provides 30 per cent of Ontario’s electricity at 30 per cent less than the average residential price of power. It’s also the source of economic growth, jobs and a major global supplier of Cobalt-60, which is used to keep the world’s hospitals clean and safe.
“We were very pleased to welcome the Minister of Energy to site and to talk about the role Bruce Power plays in powering Ontario as part of the government’s Long-Term Energy Plan,” said Rencheck, who officially took the helm at Bruce Power on Aug. 15. “I know the Minister and I share one thing in common – we are both starting from a strong foundation with the goal of focusing on continuous improvement and delivering a long-term vision we both share for this facility.”
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.
“Low-cost electricity from Bruce Power helps Ontario’s businesses compete in a global market,” Baldauf said. “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 Asthma Society of Canada also announced during the Minister’s site visit that Bruce Power had been awarded a Clean Air Leadership Award for its dedication to providing 70 per cent of the power Ontario has needed since 2003 to phase out coal-fired electricity.
“I’m honoured to present this Clean Air Leadership Award to Bruce Power today for its essential role in making coal phase-out in Ontario a reality,” said Vanessa Foran, President and CEO of the Asthma Society of Canada. “This clean-air initiative was made possible with Bruce Power’s leadership, and has been hailed as one of the most important in North America. The result has been a sharp reduction in smog days in the Greater Toronto Area – from a high of 48 in 2005 to zero in 2015.”
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.
For further information, please contact:
John Peevers – 519-361-6583
Bruce Power Duty Media – 519-361-6161
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