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N.B’s Candu attitude
(February 24, 2007) The year 2016 may seem far off. But as a key data in New Brunswick’s plan to possibly expand its nuclear energy program, it is a looming deadline that must be acted on quickly, say those in the industry. Continue reading
Posted in New Brunswick Power
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Ottawa won’t say if taxpayers on hook
(January 24, 2007) Canada’s minister of natural resources was cagey yesterday when asked if the federal government is prepared to share the financial risk of building new Candu nuclear reactors in Ontario. Continue reading
New Energy Probe study finds AECL subsidies account for 12% of national debt
(January 12, 2006) Energy Probe has released a new study examining federal subsidies to Atomic Energy of Canada (AECL). According to Probe, since its inception in 1952, subsidies to AECL account for CAN74.5 bln of today’s federal debt. Further, Probe contends that had those subsidies been instead invested in the Canadian economy, their value today would be CAN194.6 bln, roughly equivalent to 11.5% of the market cap of the TSX. Continue reading
Ontario to mothball two CANDU reactors
(August 26, 2005) Only months after Canadian-made reactors were rejected in U.S. and Chinese markets, Canada’s 60-year-old civilian nuclear industry has suffered a potentially mortal blow at home. Facing a $1.6-billion repair bill, the government of Ontario decided this month to mothball two 540-megawatt Canada Deuterium-Uranium (CANDU) nuclear reactors more than a decade before their projected retirement date. Continue reading
Posted in Towards Shutdown
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N.B. Power faces costs of aging plant
(July 29, 2005) Fredericton: The New Brunswick government is expected to announce today its plans for a $1.4 billion refurbishing of its aging Point Lepreau nuclear power plant near Saint John. Continue reading
Posted in New Brunswick Power
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Ministers decide fate of N.B. power plant
(July 28, 2005) Fredericton: New Brunswick Premier Bernard Lord and members of his cabinet are meeting this afternoon to decide the future of the aging Point Lepreau nuclear power plant. At issue is whether to go ahead with a $1.4 billion refurbishent, and if so, how? Continue reading
Posted in New Brunswick Power
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Ontario pays towns to take nuclear waste
(July 27, 2005) Toronto: Government-owned Ontario Power Generation paid more than $3 million to municipalities on the shores of Lake Huron this spring as part of a deal clearing the way for construction of North America’s first deep rock nuclear waste storage facility. Continue reading
Posted in Nuclear Safety
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Pickering nuclear unit shut down for unanticipated repairs
(May 21, 2005) Eighteen months after it began producing electricity following a refurbishment that was years behind schedule and over budget, a key Pickering nuclear unit has been shutdown until July for unanticipated repairs. Continue reading
Posted in Towards Shutdown
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Losing power
(April 15, 2005) Federal taxpayers are on the verge of acquiring a new and potentially massive burden – paying electricity bills for consumers in provinces with the country’s most mismanaged power systems. Continue reading
Posted in New Brunswick Power
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N.B. hoping for at least $400 million from Ottawa to fix nuclear plant
(February 25, 2005) Fredericton: The New Brunswick government is looking for a major cash infusion from Ottawa for refurbishment of the aging nuclear power plant at Point Lepreau, N.B. Continue reading
Posted in New Brunswick Power
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