Today marks the conclusion of the public consultation process as part of the review of Ontario’s Long-Term Energy Plan.
The importance of Bruce Power’s continued role of providing nearly 30 per cent of Ontario’s electricity from its eight units was supported by key economic leaders in the province. Bruce Power remains focused on keeping electricity costs low for families and business, while protecting the air we breathe and creating economic growth and jobs through billions of dollars in private investment into public assets.
Here’s what key economic leaders in Ontario are saying about Bruce Power nuclear:
“Bruce Power has been a positive contributor to Ontario’s economy over the last decade and is a key strategic player in the energy sector,” said Allan O’Dette, President and Chief Executive Officer, Ontario Chamber of Commerce. “The innovation demonstrated at the Bruce Power site is recognized globally.”
“Over the last 12 years, we have worked closely with Bruce Power to create economic opportunities for our manufacturers in the province and the company’s $7 billion investment program has and will continue to be a major boost to the province,” Ian Howcroft, Vice-President, Ontario Canadian Manufacturers and Exporters. “While these projects will have significant economic impacts, they will also continue to provide Ontarians with affordable, reliable electricity, which is important to our manufacturing sector in particular.”
“The Bruce Power project achieves a number of key goals for the province including keeping prices low for families and businesses, while investing private dollars into public assets and not impacting the province’s balance sheet in the process,” said Mark Romoff, President and Chief Executive Officer, Canadian Council for Public-Private Partnerships. “This is a model that has served Ontario well over the last decade and will be essential moving forward.”
“The success of Bruce Power has been important to the Southwest Economic Alliance (SEA) and will continue to be moving forward,” said Serge Lavoie, SEA President. “The current investment and operation program at Bruce Power, outlined in its 2040 vision, projects a contribution of 15,000 jobs and $3 billion annually into our economy. This is critical for southwestern Ontario. Not only will Bruce Power create economic activity directly, but they will play a key role providing affordable electricity to families and businesses across the province.”
About Bruce Power
Bruce Power operates the world’s largest operating nuclear generating facility 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 Hamilton. 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 Society of Energy Professionals. A majority of Bruce Power’s employees are also owners in the business.
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