Clinton News Record, 2015-12-02, Page 3Clinton teen dancer shows
his footwork in Italy
Shaun Gregory
Postmedia Network
It took a 7,000 km plane voyage
over the Atlantic Ocean for a Clinton,
Ont. teenager to arrive in a foreign
land to showcase his dancing abilities
to the whole world.
Recently returning from Rimini,
Italy after representing the Canadian
National Hip Hop Team at the World
Hip Hop Championships, Dawson
Handy has got a taste for global com-
petition and he said this trip to
Europe has him ready to train for the
next dance -off.
"This is my opportunity in life to
further myself," said Handy in a recent
phone interview.
"This was probably the greatest
experience of my life."
Only two teams from Canada were
invited to the four-day tournament
held from October 21-25, a B.C. team
and the squad Handy represented
known as the East Coast, which
besides himself were mostly from the
Toronto area. Each boogying team
consisted of 24-26 dancers. The com-
petition had three categories, which
included a large group, duos and
solos. Most of the function is divided
into three different styles- Break
Dance, Electric Boogie and Hip Hop.
Having only travelled to Quebec, this
journey was unfamiliar territory for
the young Canadian.
clintonnewsrecord.com
"I just got my passport this year," he
said. "When you're over there it's not
only the competition, you get to enjoy
the culture of the country."
Handy participated as a solo dancer
and in the Large group, he added that
his team did not place in the finals,
but this is like the "Olympics" of
dancing and he's poised to see where
this takes him in the future.
Handy has been in constant contact
with his new teammates and is confi-
dent he will make Team Canada once
again next year. If all goes as planned
the Clinton native said he will be
competing in Austria in 2016.
Nicole Marriage
Graduated from Medix College of Healthcare
With Honours
In both the PSW and the Medical Office
Administrators Programs
Recipient of the Extemship Award.
Congrats we are so proud of you!
Love: Mom, Dad (Bev and Randy), Ryan and
Grandparents Les and Gayle Campbell, and
Bryan and Val Marriage
„a:6 2 Lr'diiw,4.
• Brought smen
to you by Kinettes
Central Huron Gives Back!
19th Annual Christmas Parade
Friday December 4th, 2015 at 7:00 p.m.
We encourage Parade attendees and Float entries
to donate non-perishable food items to
support our local Food Banks
The Girl Guides want to help keep people warm this winter and
will be collecting socks for the Huron County Christmas Bureau
You can find a Colouring Contest Sheet at www.clintonkin.ca.
Please bring your completed sheets to Clinton Foodland to be
displayed in the window and Voted on!
Winners will be announced Dec. 4th
Parade Float Entry forms are available at www.clintonkin.ca.
You must fill out and return your entry form to
clintonkinsmen@clintonkin.ca
See you there!
Wednesday, December 2, 2015 • News Record 3
661e, I nwmo
nWMO Air
NUCLEAR WASTE SOCIETE DE GESTION
MANAGEMENT DES DECHETS
ORGANIZATLON NUCLEAIRES
Financial Surety
Canadians expect that the money necessary for Canada's plan for the safe, long-term management of ltle country's
used nuclear fuel will be available when it is needed. In 2007, the government of Canada selected Adaptive Phased
Management (APM) as that plan. Financial surety is a cornerstone of this plan. The Nuclear Waste Management
Organization (NWMO), ltle organization mandated with implementing APM, must ensure funds are available to pay
for the plan. The Nuclear Fuel waste Act [NFWA) (2002) provides the legislative framework for ltle program funding,
and sets statutory roles and responsibilities for ltle NWMO and the owners of the used nuclear fuel.
Q. Who pays for the Adaptive Phased Management program?
A. The used fuel owners are responsible for all the costs. The NFWA requires ltlat ltle planning, development and
implementation of the project are funded by ltle ma,ior owners of used nuclear fuel in Canada. Under this Act,
Ontario Power Generation, Hydro -Quebec. New Brunswick Power CorporaUon and Atomic Energy of Canada
Umltad are required to establish Independently managed trust funds and make annual deposits to ensure ltlat the
money to fund the project will be available when needed.
Q. How much money Is In the trust
funds? n,r.i Fund gi
34:ErriEr Za1i
A.
As of the end of 2014, the total value of these
trust funds is $3.4 billion. The funds were
established in 2002, and annual contributions
have been made by ltle major used fuel owners
since.
In addition, other segregated funds and
financial guarantees have been established
for the long-term management of used
fuel, low and Intermediate-laval waste, and
decommissioning. These separate funds have
been established outside ltle NFWA trust to satisfy requirements from host provinces and the Canadian Nuclear
Safety commission.
hi aggregate, the total of all funds available for the long-term management of used fuel amounts to approximately
$8.7 billion as of the end of 2014. This amount is sufficient to fund the estimated cost of the long-term management
of the 2.5 million fuel bundles produced as of ltle end of June 2014.
The NWMO has the responsibility for maintaining a funding formula and establishing the amount of deposits to
trust funds required by each company on an annual basis. Audited financial statements of each of the nuclear fuel
waste trust funds are posted on the NWMO website.
E 'fit,
:.r
e•
® l#i.ami
▪ tkoR Cor4reop.0e,
U41-�.
Q. How much willlhe long-tenn management of used nuclear fuel cost?
A. The NWMO completed a full update of these estimates in 2011 . The updated cost estimate covers many decades of
APM lifecycle activity for the deep geological repository and related transportation of used fuel. The cost estimate
for ltle APM program, based on a reference scenario of 3.6 million bundles of used nuclear fuel, is $19.4 billion
(based on 2015 $). When stated in present value terms, which takes into account lnl latlon and fund growth, the cost
Is $8.7 billion (also In 2015 $).
The eventual cost of ltlis project is impacted by many factors, including the volume of used nuclear fuel to be
managed. Other factors that impact the eventual costs include ltle location of the facility, surrounding infrastructure,
the rock type and characteristics, the design of the repository, and the period of extended monitoring following used
nuclear fuel placement. The NWMO must estimate what oosts can reasonably be expected to occur over the lifetime
of the project, along with a contingency for unaxpected events. The NWMO Is committed to providing regular
assessments on all these factors to ensure ltlat sufficient funds are set aside. The next full update of ltle APM cost
estimate will be completed in 2016
Q. Are the trust funds secure?
A. Yes. The NFWA built in explicit provisions to ensure ltle trust funds are maintained securely and used only for
the intended purpose. The NWMO may have access to these funds only for the purpose of implementing the
management approach selected by the government once a construction or operating licence has been issued by the
canadian Nuclear safety commission under the Nuclear safety snd Control Act.
Michael Hung is the Chief Financial Officer at the Nuclear
Waste Management Organization (NWMO). Prior to joining
the NWMO, Mr. Hung hdd various positions in financial
plamllng and reporting, accounting and treasury at Ontario
Power Generation and Hydro One. Mr. Hung holds a Bachelor
of Applied Science in Industrial Engineering from the
University ofToronto and a Master ofBusim:ss Administration
from the Schu.lich School of Business in Toronto. He is also a
Chartered Professional Accountm.t (CPA, CMA).
For more information, please visit:
www.nwmo.ca
"Ask the NWMO" is a communication feature
which is published on a regular basis in the Clinton
News Record to respond to readers' questions
about Canada's plan for the long -tam management
of used nuclear fuel. The NWMO welcomes your
questions. Please forward your questions to
askthenwmo@nwmo..ca or call us at
1.866.249.6966.
www.nwmo.ca