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Costly electricity in $40 billion Toronto nuclear power expansion

it will also send energy bills skyrocketing, with the average bill expected to double over the next 20 years. Ontarians can expect to see a 3.5 per cent annual increase on their bills over that period.The plan could cost up to $40 billion and will be the largest nuclear improvement project on the continent.

More Money For Nuclear Power, But At What Cost? – CityNews, Toronto, 23 Nov 10, The Ontario government is expanding its nuclear power capacity. It was announced Tuesday the province will refurbish as many as 10 reactors and add two to the Darlington plant over the next 10 years.The plan is for the Pickering B station to be kept functional for another 10 years.It will be the largest nuclear improvement project on the continent.

The government says the initiative will provide up to 25,000 new jobs and sustain up to 70,000 jobs in the nuclear industry.But, it will also send energy bills skyrocketing, with the average bill expected to double over the next 20 years. Ontarians can expect to see a 3.5 per cent annual increase on their bills over that period.The plan could cost up to $40 billion and will be the largest nuclear improvement project on the continent…..

More Money For Nuclear Power, But At What Cost? – CityNews

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November 24, 2010 - Posted by | business and costs, Canada | , , , ,

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