HomeMy WebLinkAboutLucknow Sentinel, 2009-07-29, Page 2Page 2 Lucknow Sentinel, Wednesday, July 29, 2009
Photo by Gorst Reid
Over the weekend an unknown assailants) performed a disgusting.act as a number of
tombstones were knocked over at the Greenhill Cemetery.
No new stations for Bruce Power
BY MARIA
CANTON
Sun Media
Bzuce Power has
withdrawn its appli-
cations to build two
new nuclear sta-
tions, citing the
recession and a
plummeting
demand for electric-
ity as its reasons.
The company
announced July 23
it hid notified the
Canadian Nuclear
Safety Commission.
and the Canadian
Environmental'.
Assessment Agency
that it is withdraw-
ing its site licence
applications and
stispending its envi-
ronmental assess-
ments for both the
Bruce County site
and the Nanticoke
site on Lake Erie.
"It is driven by
the economic down-
turn. The demand
for electricity has
dropped precipi-
tously and, as a
result of that, the
activities around
adding new nuclear
build to the electric-
ity grid at this stage
is not a good
prospect," said
Murray Elston,
vice-president of
corporate affairs for
Bruce Power.
"This is a big
decision for us
We've been
extremely positive
about the initial
assessments for
both sites and we
thought the •
prospects were
good for moving
ahead with the new
build • projects, bit
we had to take stock
of the work we had
done, look at the
work that was to be
done and look at the
current business cli-
mate, and we decid-
ed to stop until the
economy is provid-
•
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f, {r�j' r{L•..'••': '7i•y+. �'�::...,r 1..
F.., ;:it w:ti: .4 y r $.. I ,. rw. �. ;�r• y: �.r ,:`T s t
> G � �t� si �x+, d iF ' . sf . ,i 9. .a / •` ' S^ R;+Y � �. i1
al of the
v<5= 4fIVagriculture segor and enables agrict tirM co-operatives to better seiie
+
market op files." CattAllartligrkuiturai Loans Act (CALA) guaranty
an estimated $1 billion, in loans over tfi'e next five yts to Canadian farm families
and agricultural co-operatives. Farmers can use these loans to establish, improve,
and develop farms. Agricultural cooperatives may access loans to process, distribute,
or market the products of farming.
CALA features: ,
Up to $500,000 loans for land and buildings
Up to $350,000 for all other loan purposes
(The maximum aggregate loan limit for any one borrower is $500,000 and $3 million for agricultural co-operatives)
ing us with better
details about energy
consumption
rebound"
The unexpected
announcement
Bruce Power has
long had ambitious
plans . to build new
reactors in Ontario
comes on the
heels of a request
last week from the
Independ.•ent
Electricity Market
Operator for .the
energy provider to
shut down a reactor
because of low
demand.
Unit 8 remains
offline and marks
only the second
tinge m the compa-
ny's his y --- the
first was :in June
that ithas shut down
a reactor because of.
low did.
Furthermore, the
cancellations come
only a month atm
the Ontario govern-
ment halted plans to
guild new .
at Darlington,
where it cited high
costs and an uncer-
tain future as two of
the reasons.
While the bulk of
energy use has dried
THE SECRET
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For more information:
Contact your financial institution
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• • /.41
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1
FAIR FACTS
Theme for 2009 Fall Fair -Sept. 18,19 ZO
"Dairy More Than MlIK"
fall Fair Parade
Decided on a float for .the parade
yet? The registration form for the
parade.can be found atucknoagsocietyca
Pre -registration would be greatly
appreciated, if possible; however,
no entries will be turned away: the
day of the parade.The prize money
has .been increased this year, too.
Bands already booked are Lucknow
Public .School Band, Lucknow
Legion Pipe Band, and the
Teeswater Pipe- Band
The fall fair books are now available at:
the Sentinel, Home Hardware,
Lucknow Co-op & HolyroodStore
• • • . • • • •
up . along with the
loss of dozens of
manufacturing.
plants in Ontario, a
cool, wet summer is
also factoring in to
poor demand as
fewer people are
running air condi-
tioning units, Elston
added.
The plan now is
to focus instead on
refurbishing units. 3-
8 at Bruce Power.
Units 1 and 2 -are
now being refur-
bished and are : slat-
ed to be back
in .earlier 2010 at a
cost of upwards of
$3
billion.
"Well develop
the business cases
for each of the units
.. and we have to
get approvals for
each one and we
also have to make
sure we stage the
work on those units
in a way that
ensures the
province has
enough; :electricity
provided," said
Elston.
The decision to
pull. the plug on the
new reactors, says
the company, will
have I nopact on
its plans to bring
nuclear energy to
either -Alberta - or
Saskatchewan. Both
of ' those govern -
bleats are expected
to : release policy
statements on the
potential role of
nuclear energy'there
later this year..
DON'T
FRGETI-
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Sentinel
we must have
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by 8:30 a.m.
Monday
(by 8:30 a.m.
Friday before a
long weekend)
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