Bruce Power pulls out of planned Canada nuclear plant

Peace River, Alberta, Canada, December 13, 2011 — Bruce Power has decided it will no longer advance the option for a new nuclear plant in Alberta that has been under consideration by the company since 2007.

“Throughout our existence at Bruce Power we’ve looked at a number of potential business development opportunities,” said Duncan Hawthorne, Bruce Power’s President and CEO. “We’ve decided the new nuclear option in Alberta is not something our company will be progressing further.”

When Units 1 and 2 return to service in 2012, Bruce Power, Canada’s only private nuclear power generating station, will operate the largest nuclear facility in the world, its eight units producing a quarter of Ontario’s electricity and half of the nuclear power in Ontario.

Since late-2007, when Bruce Power acquired Energy Alberta, the company has become known in Alberta and Peace Country, developing and evaluating the possibility of building a new nuclear facility to power Alberta’s growing economy.

The Alberta government also opened the door to considering the nuclear option, under some conditions, following a public consultation process throughout the province. After extensive analysis and environmental studies, Bruce Power also identified an ideal site.

Bruce Power will continue to work with its investors and the Ontario Power Authority on the feasibility of securing 6,300 MW from the Bruce site following the successful restart of Units 1 and 2 in 2012, which will inject another 1,500 MW of baseload generation into the Ontario market.

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