The Canadian Nuclear Safety Commission (CNSC) has approved an application by Bruce Power to operate nuclear power stations in southwestern Ontario.
The licences are for the four Bruce B reactors, with a capacity of 3,140 megawatts, and the four Bruce A reactors, which are not currently operating. Any change to the status of the Bruce A reactors requires regulatory review and further approval by the CNSC.
The licences are effective after Oct. 31, 2003, when the lease deal between Ontario Power Generation and Bruce Power expire.
Over the next two years, Bruce Power plans to spend $340 million to restart nuclear reactors at its Bruce nuclear power plant, provided the deal to lease the reactors is closed and regulators approve the company’s plans. Over the next three months, the partnership plans to spend $30 million during the first phase of restarting operations.
Deregulation of Ontario’s power sector is expected to begin this fall.
Bruce Power is a partnership between British Energy, the UK’s largest electricity generator (79.8%), Cameco (CCO-T) (15%), the largest uranium fuel supplier in the world, and the two main unions that represent employees on the Bruce site, the Power Workers’ Union (up to 4%) and the Society of Energy Professionals (up to 1.2%).
Cameco is the exclusive supplier of fuel to the Bruce reactors.
Be the first to comment on "Bruce Power gets licenses"