Bruce Power to refurbish rather than build new units

Tiverton, Ontario, July 23, 2009 – Bruce Power will focus on the refurbishment of its remaining Bruce A and B units rather than build new reactors to supply 6,300 MW of electricity.

Bruce Power will also withdraw its application to build new reactors in Nanticoke given Ontario’s declining electricity demand. This has no impact on the current process to introduce nuclear energy to either Alberta or Saskatchewan, where both provincial governments are expected to release policy statements regarding nuclear power’s role later this year.

Bruce Power has notified the Canadian Nuclear Safety Commission and the Canadian Environmental Assessment Agency that it will withdraw its site license applications and suspend its Environmental Assessments in Bruce County and Nanticoke.

It will now work with its investors and the Ontario Power Authority to investigate the feasibility of refurbishing Units 3-8 following the successful restart of Units 1 and 2, which will inject another 1,500 MW of baseload generation into the Ontario market.

For Bruce Power, refurbishing its remaining units could create up to 3,000 construction jobs and represent a multi-billion dollar investment over the next 10 years. It would also secure the long-term employment of up to 4,000 people to operate the site’s eight units over their extended lives.

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