Bruce Power

Infobox_Company
company_name = Bruce Power Limited Partnership
company_
company_type = Limited liability partnership
foundation = Tiverton, Ontario (2001)
location = Tiverton, Ontario, Canada
key_people = Duncan Hawthorne - President & CEO
industry = Electricity generation
products = Electricity
revenue = profit N/A CAN
homepage = http://www.brucepower.com/

Bruce Power Limited Partnership is a Canadian business partnership composed of several corporations. It exists as a partnership between Cameco Corporation (31.6%), TransCanada Corporation (31.6%), BPC Generation Infrastructure Trust (31.6%), the Power Workers Union (4%) and The Society of Energy Professionals (1.2%) [ [http://www.brucepower.com/pagecontent.aspx?navuid=1212&dtuid=786 From Bruce Power Web Site - Canadian-based consortium officially joins Bruce Power Limited Partnership] ] . It is the licensed operator of the Bruce Nuclear Generating Station, located on the shores of Lake Huron, roughly 250 kilometres northwest of Toronto, between the towns of Kincardine and Saugeen Shores. When all eight units are in service, the facility is capable of supplying up to 6,841 MWe of electricity. This would make it the second largest nuclear complex in the world. Presently this is not the case, as Units 1 & 2 are shutdown for refurbishment until 2009. Current capacity is approximately 4,640 MWe which is enough to power one fifth of Ontario.

Governance

Current members of the board of directors of Bruce Power are: George Assie, Albrecht Bellstedt, Dennis Fry, Russell Girling, Gerald Grandey, Duncan Hawthorne, John McManus, Bernard Michel, Michael Nobrega, Alexander Pourbaix, and John Sommerville.

Current Projects

Bruce Power is involved in a number of major projects across Canada. Most notably refurbishing units 1 and 2 of the Bruce A reactor, Bruce Power Alberta, and recently the annoucement of the Saskatchewan 2020 initiative.

Bruce A Restart

Following the initial Bruce A Restart project (initiated during the British Energy incumbency) to return to service of Units 3 and 4 (completed in 2003), work is now underway to restart Units 1 and 2 of Bruce A. To facilitate this, on 17 October 2005, Bruce Power announced a revision to its structure [cite web | url = http://www.brucepower.com/pagecontent.aspx?navuid=1212&dtuid=1740 | title = From Bruce Power Web Site - Agreement reached to secure Bruce Power’s future. Restart of Units 1 and 2 first phase of $4.25 billion investment] .::"TransCanada Corporation, BPC Generation Infrastructure Trust, the PWU and the Society formed a new partnership, Bruce Power A Limited Partnership (BALP), that will obtain a sublease of the Bruce A facility. Cameco Corporation is not an investor in BALP. TransCanada and BPC will each own a 47.4% interest in BALP and the remaining interest will be owned by the PWU and Society"

The Bruce A Restart project was recently named the largest infrastructure project currently underway in Canada, in addition it is considered one of the most complex engineering challenges Ontario has ever seen.

Safety has been a key component of the Restart initiative for both Bruce Power and its contractors. As of 12 June 2008 the project marked an astounding 10 million hours worked without a single lost-time injury. For a project this significant, this is a remarkable landmark for the entire industry.

Bruce Power Alberta

In March 2008, Bruce Power applied for a license to build a nuclear power plant at Cardinal Lake. [cite web | url = http://cnews.canoe.ca/CNEWS/Canada/2008/02/13/4844352-cp.html | title = Bruce Power buys assets of Energy Alberta Corp.] Chief Executive Officer Duncan Hawthorne travelled to Peace River, Manning and Grimshaw, Alberta to personally inform the communities that Bruce Power had initiated a process to consider building western Canada's first nuclear power plant.

Through an application filed with the Canadian Nuclear Safety Commission, Bruce Power is seeking approval to prepare a site that could generate 4,000 MW of electricity from two to four reactors that would not produce greenhouse gases or air pollutants. As concerns over climate change continue to grow, the proposal could see the first unit ready as early as 2017, pending the successful completion of a full Environmental Assessment (EA) and consultations with the local communities.

As part of the decision-making process, which could take up to three years to complete, Open Houses, workshops and community meetings will be held and regular newsletters issued to update residents and seek their input across Alberta.

askatchewan 2020

Bruce Power, with the support of the Saskatchewan government, has launched a study to consider introducing nuclear power to the province as part of a wider look at clean energy technologies. The Saskatchewan 2020 initiative will look out to the year 2020 and beyond to give provincial leaders information they'll need to narrow the forecast gap between electricity supply and demand [ [http://www.upi.com/Energy_Resources/2008/06/18/Bruce_Power_launches_Saskatchewan_2020/UPI-81901213812041.html Bruce Power launches Saskatchewan 2020.] ] . Bruce Power intends to begin their analysis this summer and issue a report to government by the end of 2008. The Saskatchewan program coincides with work already underway in Alberta and Ontario as new reactor builds and refurbishing continue.

History

Bruce Power was founded as a Limited Liability Partnership in 2001 between British Energy (82.4%), Cameco Corporation (15%), Power Workers’ Union and The Society of Energy Professionals. Following the financial difficulties of British Energy in the Fall of 2002, the LLP became a wholly Canadian Limited Partnership owned on 14 February 2003

In May 2001, Bruce Power became the licensed operator of the Bruce A and Bruce B nuclear generating stations in southwestern Ontario, acquiring the sites from the defunct Ontario Hydro. Both Bruce A and Bruce B are equipped with eight CANDU nuclear reactors (4 in each building). The initial four reactors were commissioned at Bruce A between 1977 and 1979, while Bruce B's were added between 1984 and 1987.

Since its creation, Bruce Power has successfully restarted two reactor units and launched an industry first in restarting two more.

On 7 October 2003, Unit 4 returned to the Ontario grid for the first time since 1998, when it was laid up by the site';s previous operators. It was then followed by Unit 3 on 8 January 2004.

On 17 October 2005, Bruce Power reached an agreement with the Ontario Power Authority and launched a $4.25 billion investment program that will begin with the restart of Bruce A Units 1 and 2.

Restarting those units will boost Bruce Power's output to more than 6,200 MW, making Bruce Power the source for about 25 per cent of Ontario's electricity on a typical day.

References

External links

* [http://www.brucepower.com/ Bruce Power] — corporate website
* [http://www.youtube.com/brucepower4you Bruce Power YouTube channel]