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Ontario Power Generation wants a whopping 69 per cent increase in price it gets for nuclear power

nuclear-costs1flag-canadaOPG applies for rate increases to fund nuclear station refurbishing Hamilton Spectator By Keith Leslie TORONTO, 2 June 16 — Ontario Power Generation has applied for a whopping 69 per cent increase in the amount it is paid for nuclear power over the next five years.

OPG says it needs the increase to help pay for the $12.8-billion refurbishment of the Darlington nuclear station, which the government announced in January to extend the life of the reactors by another 30 years.

The government-owned utility is also asking for a small increase — less than the rate of inflation — in the rate it’s paid for hydroelectric power……

The Ontario Clean Air Alliance says OPG’s application shows it wants nine cents a kilowatt hour for the power produced from Darlington, which is more expensive than the 8.6 cents a kWh it pays for wind power.

“Our electricity rates are already too high, and we shouldn’t increase them even further when we can actually lower our bills by choosing a cleaner and safer option,” said Alliance chair Jack Gibbons.

“Why are we putting our children at risk of a nuclear accident when there are lower-cost options?”

Gibbons said Ontario should also consider signing long-term contracts to import more clean, renewable electricity from Quebec to offset the nuclear generation……

In addition to the Darlington refurbishment, which is supposed to extend its life until 2050, OPG is also undertaking work to squeeze about four more years of life out of reactors at the Pickering nuclear generating station.

And Bruce Power is spending $13 billion to refurbish six reactors at the nuclear generating station it operates under contract to the government near Kincardine……

http://www.thespec.com/news-story/6702560-opg-applies-for-rate-increases-to-fund-nuclear-station-refurbishing/

June 3, 2016 - Posted by | Canada, politics

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