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Ontario Power Generation wants rate hike for nuclear power generation

OPG seeks 30% rate hike for nuclear generation  OTTAWA CITIZEN, BY KEITH LESLIE, CANADIAN PRESS NOVEMBER 13, 2013 TORONTO — Electricity bills will soar even higher if Ontario Power Generation gets approval for a 30-per-cent increase in the rate it is paid for electricity generated by nuclear power, the New Democrats warned Tuesday.“You’re seeing rates go up faster than they should,” said NDP energy critic Peter Tabuns. “As long as the Liberals see a blank cheque as a parachute to get out of any tough spots, our bills are going to go up.”……..

The reasons for the requested hike “include ensuring obligations for used nuclear fuel management and decommissioning costs are met,” the government-owned utility said in a statement.

“As well, we will make investments in the plants over the next couple of years to set up the long-term operation of Darlington for 30 more years following refurbishment.”……

Opponents of nuclear power say Ontario should shut down its aging reactors and abandon plans to refurbish nuclear generating stations.

A report by the Ontario Clean Air Alliance said that every nuclear project in the province’s history has gone massively over budget, on average by 2.5 times.

If the OPG rate increase is approved, it will cost electricity consumers in the province $755 million a year, said Alliance spokesman Jack Gibbons.

“Cancelling the Darlington rebuild would save consumers more than $1.2 billion a year between 2020 and 2050,” he said……. http://www.ottawacitizen.com/technology/seeks+rate+hike+nuclear+generation/9159769/story.html

November 15, 2013 - Posted by | general

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