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Category Archives: Nuclear Economics
Partial sale of Canada’s nuclear giant source of speculation
(July 6, 2007) Toronto: The partial sale of Canada’s Crown-owned nuclear giant is the source of speculation once again. Continue reading
Manufactured power crisis
(April 19, 2007) The Ontario government had several objectives in entering into a sole-source contract with Bruce Power to buy electricity from Bruce’s nuclear expansion. One of them, detailed in the Auditor-General’s report, was to conceal the consumer impacts. Mr. Hawthorne’s letter (refer below) aids the government in achieving this objective. Continue reading
Nuclear disaster
(April 10, 2007) Thanks to the report by Ontario Auditor General James McCarter, issued on the afternoon before the long weekend by the Ontario government, Ontario’s electricity ratepayers are much closer to understanding what electricity from the Bruce A nuclear refurbishment will cost. The bottom line: The McGunity government signed a disastrous deal in deciding to resurrect nuclear plants that had no cost justification. Continue reading
Nuclear deal too costly: auditor
(April 6, 2007) Ontarians would have saved $1.5 billion on their hydro bills over the next 25 years had the government negotiated a smarter deal to refurbish the Bruce Power nuclear station, the provincial auditor general says. Continue reading
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
House Hansard: Session 38:2, April 26, 2006
(April 26, 2006) Mr. Howard Hampton (Kenora-Rainy River): My question is for the Acting Premier. We know that the McGuinty government’s real energy plan is to spend $40 billion on very expensive, unreliable and environmentally risky nuclear power plants. So today, on the 20th anniversary of the Chernobyl nuclear disaster, I believe the McGuinty government owes the people of Ontario some straight answers on nuclear power and the potential risks. Will the McGuinty government make public today any emergency plans, briefing notes or studies in its possession that assess the impact of a potential nuclear disaster on human health, the environment and the economy? 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
Re-defeat the nuclear industry
(January 20, 2005) The federal government, and three provincial governments, are about to sink billions more dollars into another attempt to salvage the nuclear industry, the country’s least economic energy industry – and its most dangerous. Continue reading
New nuke sinkholes
(January 14, 2005) Atomic Energy of Canada Limited (AECL) has cost federal taxpayers an estimated $17-billion in failed attempts to develop commercially viable nuclear reactors. Even the sales that AECL has made have proven to be wildly unprofitable, going back a generation to its perplexing reactor sale to Argentina, when AECL agreed to price its contract in pesos. Today, the federal Crown corporation is poised to blow more billions. Continue reading
Posted in Energy Probe News, New Brunswick Power, Nuclear Economics
Tagged nuclear costs
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Pickering reactor upgrade $100M over budget
(November 16, 2004) Toronto: Ontario Power Generation’s habitual cost overruns on nuclear power plant refurbishment projects are continuing under the Liberals, OPG confirmed yesterday in third-quarter financial results that show efforts to upgrade a second unit at the Pickering A station are as much as $100-million over budget. Continue reading
Energy Probe 