Bruce Power Alberta Completes Purchase of Energy Alberta Corp.

by NationTalk on March 14, 20085549 Views

New site license application filed with Canadian Nuclear Safety Commission

PEACE RIVER, ALBERTA–(March 13, 2008) – Bruce Power Alberta is pleased to announce it has completed its deal to buy the assets of Energy Alberta Corporation relating to nuclear power plant development.

Earlier today, Bruce Power Alberta also filed an application with the Canadian Nuclear Safety Commission to prepare a site for the potential construction of western Canada’s first nuclear power plant. The application draws on Bruce Power’s experience as Canada’s only private nuclear generator with a strong safety and performance record.Bruce Power Alberta is considering up to four reactors that could produce 4,000 megawatts of electricity from reactors that produce no greenhouse gases or air pollutants. With Alberta’s economy continuing to grow at a time when concerns over climate change are also growing, this proposal could generate enough carbon-free electricity to supply up to two million homes. Electricity consumption in Alberta has grown by 29 per cent since 2000 with an average growth of 3.2 per cent each year for the last five years. The Alberta Electric System Operator estimates an additional 5,000 megawatts of supply will be required by 2017 to meet the growing needs of Albertans. That number will jump to 11,500 megawatts by 2027.

The first unit could be ready as early as 2017, pending the successful completion of a full Environmental Assessment (EA) and consultations with the local communities.

“We recognize this is just one of many steps in a multi-year process of extensive community consultation and technical study, but we’re excited to officially get underway,” said Duncan Hawthorne, President and Chief Executive Officer of Bruce Power Alberta. “Our first, and most important, order of business will be getting to know the people in the Peace Country, sharing our plans, answering their questions and understanding their concerns.”

To begin the consultation process, Bruce Power Alberta will host a series of introductory Open Houses on Monday, April 14 from 6 to 8:30 p.m. in several Peace Country communities, including:

– Peace River, at the Belle Petroleum Centre

– Grimshaw at the Pomeroy Inn & Suites

– Manning at the Elk Hall

– Fairview at the Dunvegan Inn

As part of the decision-making process, which could take up to three years to complete, additional Open Houses, workshops, consultation with impacted Aboriginal communities and community meetings will be held and regular newsletters issued to update residents on the project and seek their input. Over the next several months, Bruce Power Alberta will also establish an office in the Peace Country to co-ordinate it consultation, technical studies, site evaluation and planning activities.

“The next three years will be about talking to the people who actually live and work in the Peace Country, Hawthorne said. “I know there are many voices in the nuclear debate and it’s important that all of them are heard. But it’s clear that most people want fact-based information to answer the many good questions they have. As I have said many times, having an informed and supportive host community is absolutely vital in this process.”

At this early stage in the planning process, Bruce Power Alberta has not chosen a specific reactor design for the site. Instead, it will consider the potential impacts associated with several of the world’s leading designs, known as Generation III reactors. Bruce Power is taking a similar, technology-neutral approach in Ontario, where it is conducting another EA to determine if it will build new reactors at the Bruce County site where it currently operates six reactor units and is in the process of restarting two more.

“Assessing several reactor designs is the best way to compare and contrast what the market has to offer,” Hawthorne said. “However, we are an all-Canadian company and the impact on Canadian jobs will be a big part of our decision-making process.”

Note to editors:

There will be press conferences held in Peace River, Manning and Grimshaw today. Details are as follows:

Peace River: Thursday, March, 13 @ 11 a.m. MST – Belle Petroleum Centre, 9403 – 94 Street.Manning: Thursday, March, 13 @ 1 p.m. MST – Manning Legion HallGrimshaw: Thursday, March, 13 @ 3 p.m. MST – Pomeroy Inn & Suites – 4311 – 51 Street.

About Bruce Power Alberta

Bruce Power Alberta is an all-Canadian partnership among TransCanada Corporation of Calgary, Cameco Corporation of Saskatoon and BPC Generation Infrastructure Trust, a trust established by the Ontario Municipal Employees Retirement System and based in Toronto.

For more information, please contact

Bruce Power
John Peevers
(519) 361-6583
Email: john.peevers@brucepower.com

or

Bruce Power
24-hour Duty Media Officer
(519) 361-6161

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