Ontario government’s $87 Billion dollar plan proposes large chunk for nuclear energy which is mostly refurbishing of 10 existing reactors plus 2 new reactors assuming the nuclear industry gets their act together. As you may be aware the Canadian government Crown Corporation AECL is for sale. The trouble is the price is enormous and the new investor will need to inherit* a fleet of reactors that are state of the art but have a history of cost over runs and delays. If the new investor knew that delays and accurate predictions were possible it would be a more attractive package.
Ontario energy plan raises tough issues
*Some exchange I had with DV82XL for a little more clarification:
Rick:I have a question. The $22 Billion deal to sell AECL.
Does that include all of the reactors?
DV82XL: AECL no longer owns any of the power reactors in Canada. They only have the research reactors at Chalk River, and to the best of my understanding that facility is not part of the deal. I believe the plan is to have Chalk River and Whiteshell labs run by the National Research Council, but that hasn’t been firmed up as of this date.
Rick: OK so the 22 Billion entitles the buyers to what exactly?
It seems a very hefty price for not owning any reactors.
What responsibilities would they have?
DV82XL:Well that’s the rub, isn’t it?
As I understand it the only thing that any potential buyer wants is the CANDU division, the refurb division, and the fuel fabrication business, and yes $22B is a bit much. Remember this is the asking price.
The Gov’mt wants the purchaser to take the whole thing, and keep the jobs going, and that seems to be the sticking point.
Rick: Who owns the plants then?
DV82XL: Ontario Power Generation owns and operates the Pickering(6 units) and Darlington(4 units) and Bruce Power(8 units) owns and operates the Bruce Station.