Tiverton, Ontario: Celebrating the tenth anniversary of the return to service of the 750 MW Unit 4 on October 7, Bruce Power took the opportunity to highlight its upbeat business model and key accomplishments that have allowed it to reach its current level of success. Bruce Power officials underscored that the company “continues to put innovation to work to realize the full potential of the Bruce Power site.”
Following a tour of the Bruce Power site, Ontario’s Minister of Energy, Hon. Bob Chiarelli, said, “it was clear to me what an incredible amount of innovation and work has gone into the revitalization of the Bruce Power site, which has contributed to both system reliability and the phase out of coal in Ontario. … Bruce Power and the Government of Ontario have a strong partnership, securing private investment in public assets, and its Ontario’s ratepayers who benefit from the reliable, affordable electricity from this site.”
The renewal of Bruce A, which includes the return of Units 3 and 4 a decade ago and the recent refurbishments of Units 1 and 2, as well as the continued modernization of Bruce B, have been highly significant for the Canadian nuclear industry as the experience has proven that revitalization is a viable proposition and laid the groundwork for future refurbishments in the province.
“Bruce Power did things during these projects that had never been done before,” stresses Bruce Power CEO Duncan Hawthorne. “That’s what pioneers do – they take a chance and use creative thinking to tackle issues. The result is that, over the past 10 years, Unit 4 has consistently been one of the top CANDU units in the world, while Units 1-3 and 5-8 continue to operate to an incredibly high standard.”
Over the past 10 years, Bruce Power has injected $7 billion into Ontario’s economy, and as part of its 2040 vision, plans to invest $1 billion a year over the next 15 years to ensure its remaining units continue to provide electricity for generations to come, Hawthorne added.
See also “Bruce Power shares its vision ” IPPSO FACTO, August 2013.