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The Lucknow Sentinel, 2013-12-18, Page 15Wednesday, December 18, 2013 • Lucknow Sentinel 15 Bruce B refurb slated for 2016 Rob Gowan QM! Agency The next refurbishment at Bruce Power is slated to begin on Aug. 1, 2016. Bruce Power president and CEO Duncan Haw- thorne said during a lunch- eon at the Bruce Power on Wednesday held to discuss the Ontario government's release of its long-term energy plan, that the plan is an important step in working towards the restart. "We really have to be ready to start a refurbishment the first of August 2016 and you don't just blow a whistle at the end of July and start that," Hawthorne said following the luncheon attended by Bruce Power employees and other community members. "There is a lot of preparatory work ... so we need to move quickly to do that" In it's long-term energy plan released on Monday, the Ontario government As you will understand $15 billion is not a small ask... — Duncan Hawthorne, Bruce Power president and CEO announced a renewed com- mitment to nuclear power to continue to provide more than half of the province's electricity supply. In its state- ment the government plans to meet that commitment through refurbishments at Bruce Power and Darlington. Hawthorne said the cost of the next round of refur- bishments at Bruce Power is expected to cost about $15 billion over 10 years and employ about 3,500 workers at its peak. Hawthorne said the next step for Bruce Power will be to work with the Ontario Power Authority to turn the plan into a contract, some- thing he hopes will occur over the next year. Bruce Power will also have to secure the funds for the work. "As you will understand $15 billion is not a small ask, and the majority of investors have pension liabilities to meet so they want to be absolutely certain that if I say $15 (billion) it is not going to be $30 (billion)," said Hawthorne. "They are going to take quite a bit of convincing that we can do what we said we would do when we said we would for the cost!' Bruce Power took over the nuclear site near Tiverton more than 12 years ago through a long-term lease with the Ontario govern- ment. When it took over the site in 2001 there were only four units operational, but after refurbishment work was completed, last year all eight units were operating at Bruce Power for the first time in decades. But the refurbishment of Bruce A Units 1 and 2 cost close to $5 billion, more than $2 billion over the original cost esti- mate. The project also took about two years longer than predicted to complete. Hawthorne said this time around cost and time over- runs will not be allowed to happen. "We can't do that again. We won't be afforded a chance to do that again," said Hawthorne. "These were very expensive lessons so, firstly, the plan will be a lot more realistic this time. Secondly, we are not doing the two units right on top of each other, which we did last time, so the complexity and magnitude of the projects is not as difficult as (Units) 1 and 2 were." Hawthorne also said there are not as many unknowns this time around as Units 1 and 2 had been shut down for 15 years each. "There are a lot more rea- sons to be optimistic," Haw- thorne said. An important part of con- vincing investors that Bruce Power is a smart place to put their money is by showing them the company is a suc- cessful operation, Haw- thorne added. "We are doing pretty well operation wise this year," said Hawthorne. "We need a strong operating year next year because that is really when we will ask for the cash. Next year is a big year for us in terms of delivering our business plan!' Hawthorne said the plan is to start with the refurbish- ment of Bruce A Unit 4 in 2016. There are a total of six units at Bruce Power that will need to be refurbished. Bob Delaney, parliamentary assistant to Energy Minister Bob Chiarelli also spoke at Wednesday's luncheon and said the government is look- ing forward to having all eight units at Bruce Power completely refurbished. "Nuclear power is baseload generation and it is the power that is always on," said Delaney. Delaney said the govern- ment's plan has also been revised since the last plan was released three years ago and pushed back the need for the construction of new nuclear units. "To decide to go forward with that now would mean a commitment of $15 bil- lion to build two nuclear reactors whose output the province would not need when they come onstream," said Delaney. "The best thing to do with that is to maintain the option and just push the option back in time!' 01119 6 ds tnitil Christmas Support 90ur Lod Merchats 11 THIS HOLIDAti SEASON