Bruce Power to invest $90 million into Unit 3 during planned outage
Today (April 8th) marked the beginning of a planned maintenance outage in Unit 3, which will see about $90 million invested into the upkeep of these publicly owned assets.
The maintenance outage, which has a planned duration of approximately three months, will involve regular Bruce Power staff and about 500 temporary workers and contractors.
'The Unit 3 planned maintenance outage will assist with the continued reliability of Unit 3, which has performed admirably for the people of Ontario since Bruce Power returned it to service in 2004,' said Paul Boucher, Senior Vice President, Bruce A. 'Bruce Power invests hundreds of millions of dollars annually into maintaining our eight units, which allows us to provide nearly a third of Ontario's electricity now and for generations, as part of the Ministry of Energy's Long-Term Energy Plan, while producing zero carbon emissions.'
Regular outage maintenance programs on the Bruce site result in more reliable units, which help keep electricity prices low for the people of Ontario. In 2013, Bruce Power nuclear cost Ontario residents 5.9 cents per kilowatt/hour (KWh), while the average price of power is 8.55 cents/KWh - a savings of 30 per cent/KWh.
Bruce Power provided 30 per cent of the province's energy in 2013 at 30 per cent the cost, while breaking a site record from 1991 by producing 45.6 terrawatt hours. The revitalized, eight-unit Bruce site also provides 70 per cent of the energy needed to phase out coal in the province.
About Bruce Power
Bruce Power operates the world's largest operating nuclear generating facility and is the source of roughly 30 per cent of Ontario's electricity. The company's site in Tiverton, ON, is home to eight CANDU reactors, each one capable of generating enough low-cost, reliable, safe and clean electricity to meet the annual needs of a city the size of Hamilton. Formed in 2001, Bruce Power is an all-Canadian partnership among Borealis Infrastructure Management (a division of the Ontario Municipal Employees Retirement System), TransCanada, the Power Workers' Union and the Society of Energy Professionals. A majority of Bruce Power's employees are also owners in the business.