HomeMy WebLinkAboutThe Lucknow Sentinel, 2016-10-19, Page 16Bruce Power congratulates Ontario Power
Generation as it begins first refurbishment
Bruce Power extends its congratula-
tions to Ontario Power Generation
(OPG) as it officially begins the first of
four refurbishments at its Darlington
nuclear facility last week.
"OPG has meticulously planned
and prepared for its refurbishment
program, and we have been pleased to
collaborate with them by sharing the
experiences we gained during the
Units 1 and 2 Restart project," said
Mike Rencheck, Bruce Power's Presi-
dent and CEO. "As outlined in the
Ontario government's 2013 Long -
Term Energy Plan, clean nuclear
power will continue to be the back-
bone of Ontario's electrical system for
generations, and this plan begins to
take shape with this first scheduled
refurbishment."
Bruce Power's first refurbishment
project, in Unit 6, will begin in 2020,
while five other units will follow.
The LTEP has outlined an integrated
schedule between Bruce Power and
OPG that will ensure the people of
Ontario have enough baseload power
during the two decades of nuclear
refurbishment.
Renewal of Ontario's nuclear fleet
will inject billions of dollars annually
into Ontario's economy through direct
and indirect spending on operational
equipment, supplies, materials and
labour income, while also creating and
sustaining about 18,000 direct and
indirect jobs across the province each
year.
"Clean nuclear provides 60 per cent
of Ontario's electricity every year, while
continuing to be the second -lowest cost
source in the province's supply mix,"
Rencheck said. "A healthy and renewed
nuclear industry is vital to healthy,
clean air, keeping electricity costs down
for families, and investing in Ontario's
economy."
About Bruce Power
Bruce Power operates the world's
largest operating nuclear generating
facility and is the source of about 30
per cent of Ontario's electricity. The
company's site in Tiverton, Ontario, is
home to eight CANDU reactors.
Formed in 2001, Bruce Power is an all -
Canadian partnership among Borealis
Infrastructure Trust Management (a
division of the Ontario Municipal
Employees Retirement System), Tran-
sCanada, the Power Workers' Union
and The Society of Energy Profession-
als. A majority of Bruce Power's
employees are also owners in the
business.
Real estate headed for `best year ever' in region
Scott Dunn
Owen Sound Sun Times
Home sales are so hot that the Real-
tors Association of Grey Bruce Owen
Sound says 2016 is easily on pace to the
be the "best year ever'.
Home sales numbered 328 units in
September, a "new record for the month,
beating the previous September record
set last year by 17.1 per cent;' a RAGBOS
news release said Wednesday.
This year to date, home sales
totalled 2,415 units, which was 17.9
per cent ahead of the first nine
months of 2015. "With just three
months to go this year, 2016 is easily
on pace to be the best year ever for
home sales in the region," RAGBOS
said.
That would be the best year RAG-
BOS recorded since it was established
in a merger of the Owen Sound and
District Real Estate Board and the
Grey Bruce Real Estate Board in
November 2000.
It also noted that active listings,
while increasing by 6.6 per cent last
month (after four months of double-
digit year -over -year declines), are still
down 39.3 per cent over the same time
last year. "This was the lowest level for
this time of year in over a decade.'
The number of months of inventory
stood at 4.1 at the end of September,
down from 7.9 months at the end of
September 2015 "and well below" the
longterm average for this time of the
year, RAGBOS said. The months of
inventory represents the number of
months it would take to sell current
inventories at the current rate of sales
activity.
The dollar value of all home sales in
September was $85.1 million, up 31.2 per
cent on ayear-over-year basis.
Reached for comment, Ron Hop-
per, a real estate appraiser who also
operates Ron Hopper Real Estate,
agreed it's been a good year. He said
people shouldn't confuse the per-
centage increases in sales numbers
with price increases.
The real estate board's report shows
the average residential price in Sep-
tember was $277,855, almost an eight
per cent increase over the same
month last year. Annual average
prices would be a more accurate
measure because monthly sample
sizes are smaller, Hopper said.
Also, there are regional differences,
with higher prices commanded in
Saugeen Shores, for example, than
are being seen on the Bruce Penin-
sula, he noted.
Hopper wondered how this year
would compare with the late 1980s,
when real estate sales and prices were
peaking. He said it stands to reason
that inventories would be low when
so much real estate has been sold this
year.
RAGBOS said sales of all types of
properties numbered 401 units in
September, up 19.7 per cent from the
previous September. The total value
of all properties sold in September
was $104.4 million, an increase of 31
per cent from a year earlier.
Wednesday, October 19, 2016 • Lucknow Sentinel 9
Submitted
Mike Rencheck, Bruce Power President and CEO, left, and Jeff Lyash, OPG President and CEO marked the
beginning of Ontario Power Generation's first Darlington refurbishment last week. Bruce Power and OPG have
shared many lessons learned over the years to prepare for this exciting day, the companies said in a media
release.
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