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New agreement signed with Bruce Power

December 3, 2015

The IESO has updated its contract with Bruce Power. The new agreement will enable the refurbishment of six nuclear units while cost-effectively securing 6,300 megawatts of baseload generating capacity. The timeline will see refurbishment start at the Bruce Nuclear Generating Station in 2020. Off-ramps have been built into the agreement to enable the cancellation of future refurbishments if the cost exceeds a pre-defined amount. The agreement adheres to the 2013 Long-Term Energy Plan refurbishment principles and ensures that operating and refurbishment execution risks reside with Bruce Power.

Read the Ministry of Energy's news release and the IESO's backgrounder on the Amended and Restated Bruce Power Refurbishment Implementation Agreement.

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