Bruce Power CEO Duncan Hawthorne announced to employees February 1 that with a new long-term framework secured for the site and a stable eight-unit operation, he plans to retire from his role as President and Chief Executive Officer in 2016. “When Bruce Power was created in 2001 our vision was clear – return the site to its full eight-unit potential and establish a long-term structure where the performance of the facility and its employees dictated its future,” said Duncan Hawthorne, President and CEO of Bruce Power. “Together, through hard-work, dedication and innovation we have achieved this along with establishing a track-record of performance, proven leadership team and a strong reputation.”
The company will shortly commence a search for the new President and CEO and is in the process of selecting an external executive recruitment firm. While this activity is underway it will continue to be business as usual at Bruce Power, delivering on the company’s role generating safe, reliable, clean and low-cost electricity for the people of Ontario.
“Bruce Power has been transformed under the leadership of Duncan Hawthorne. The company now provides a stable, long-term source of electricity for Ontario families and businesses through its role in the Long Term Energy Plan,” said Don Wishart, Chair of the Bruce Power Board of Directors.
In 2015, Bruce Power achieved record output for the site providing over 30 per cent of Ontario’s electricity at 30 per cent below the average residential cost of electricity. This exceeded previous output records achieved in 1991, 2013 and 2014. In 2012, Bruce Power returned the site to eight units of operation for the first time in nearly two decades. The company announced in December 2015 that it had entered into an amended agreement with the Independent Electricity System Operator (IESO) to extend the life of the facility to 2064 through a multi-year life extension program. The first refurbishment as part of this life extension program is set to commence in 2020.
APPrO President Dave Butters expressed APPrO’s appreciation “for Duncan’s tireless efforts on behalf of nuclear power and Ontario’s electricity sector,” noting that “his wise counsel will be missed.”