The Ontario Clean Air Alliance is taking aim at Bruce Power.
A new release claims the private power company has a sweetheart deal with the Ontario government.
The Ontario Clean Air Alliance slams the re-start project at Bruce Power saying it was more than two billion dollars over budget.
But that is old news according to Bruce Power Spokesperson John Peevers.
In fact, Bayshore Broadcasting News reported a year ago that the total cost of refurbishment work would be nearly 5 billion dollars, compared with the projected cost of 2.75 billion.
So there is nothing new about the cost overrun, which is paid for by the Private company — not our tax dollars.
Clean Air also criticizes the Ontario government for it’s deal with Bruce Power saying “the projects after-tax return on capital will be a very lucrative 9 per cent despite its two billion dollar cost overrun.”
The release quotes TransCanada Corporation, which says the Bruce A project could be as much as 29 per cent more profitable than its Keystone Oil Pipeline project.
TransCanada owns 50 per cent of Bruce Power.
Ontario Clean Air alliance wants people to e-mail Ontarios new Energy Minister Chris Bentley and tell him that its time to put consumers first by ending sweetheart deals with the nuclear industry.
It says you should ask Minister Bentley to pursue safer and lower cost options to keep our lights on, including increased energy efficiency, and water power imports from Quebec.
