nuclear-news

Decision to keep Pickering Nuclear Station going does not make financial sense

Clean Air Alliance 21st June 2018,  Today Ontario Premier-Designate Doug Ford failed to seize his opportunity
to lower Ontario’s electricity costs by $1.1 billion per year by
directing Ontario Power Generation (OPG) to close the Pickering Nuclear
Station in August when its licence expires.

On the contrary, Mr. Ford announced that he will allow the 4th oldest nuclear station in North
America to continue to operate in the middle of the GTA until 2024. Mr.
Ford’s decision does not make financial sense for Ontario’s electricity
consumers. The annual savings from closing the Pickering Nuclear Station
would be 183 times greater than the savings from firing Mayo Schmidt, the
CEO of Hydro One. According to the Canadian Manufacturers & Exporters
association, the Pickering Nuclear Station’s performance is
“persistently abysmal…by any objective standard.”
http://www.cleanairalliance.org/ford-fails-to-seize-opportunity-to-lower-ontarios-electricity-costs-by-1-1-billion-per-year/

June 25, 2018 - Posted by Christina Macpherson | Canada, politics