Bruce Power to provide 30% of Ontario’s electricity through 2064

Bruce Power to provide 30% of Ontario’s electricity through 2064


In 1968, Ontario commissioned the
country’s first commercial nuclear reactor on what is now the Bruce Power
site. Almost 50 years later, that site is now home to the largest operating
nuclear facility in the world providing low-cost power to more than 3 million
homes and businesses across Ontario. That’s 30 percent of the power used by
the province at 30 percent less than the average cost to generate residential
power. Bruce Power is Canada’s largest public-private partnership. A joint
venture between the Ontario government, who owns the site, and our private
investors: Borealis Infrastructure, TransCanada Corporation as well as the
two unions that represent the majority of our 4,200 employees. With our partners
across Ontario, we are now working to extend the operating life of our units
which will mean another 40 years of low- cost, emissions-free power to the
province. Today, Bruce Power contributes $4 billion to Ontario’s
economy every year which supports 22,000 direct and indirect jobs across southern
Ontario. As we work to extend the life of our units, Bruce Power will continue to
make significant investments in Ontario’s economy. In fact, 90% of the
money spent on our life extension program will be spent in the province. By
2064, Bruce Power’s cumulative economic activity will be more than $180 billion dollars. Our plants will be the single largest source
of clean energy to 2064 and will be instrumental in helping the province
achieve its climate change goals. Today, Bruce Power helps the province avoid 31
million tonnes of CO2 annually, which is the equivalent of taking 6 million cars
off the road. The carbon-free electricity generated by
Bruce Power will help Ontario save up to $64 billion in cap-and-trade costs over the next four decades, but more importantly cleaner air
means a healthier Ontario with fewer hospital admissions and fewer
respiratory illnesses and that will help the province save billions in health
care costs. At Bruce Power, we’re continuously investing in our people and
our plants to make sure that we’re on the cutting edge of safety and
innovation. We’ve partnered with other firms to develop state-of-the-art
robotic tooling and are also working on expanding the world’s supply of medical
isotopes. The cobalt-60 from our plants is used in the healthcare industry
to sterilize medical equipment, keep food safe and fight the spread of the Zika
virus. The medical grade High-Specific Activity
cobalt, which Bruce Power will also be supplying, is used in life-saving medical
treatments for brain cancer and tumors. At Bruce Power, we’re working to create
clean, affordable electricity at a price that will help Ontario businesses stay
competitive and help Ontario families build a better future to 2064 and beyond

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