Bruce Power
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| Bruce Power Limited Partnership | |
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| Type | Partnership |
|---|---|
| Founded | Tiverton, Ontario (2001) |
| Headquarters | Tiverton, Ontario, Canada |
| Key people | Duncan Hawthorne - President & CEO |
| Industry | Electricity generation |
| Products | Electricity |
| Revenue |  N/A CAN |
| Website | Bruce Power - Corporate Website |
Bruce Power Limited Partnership is a Canadian corporation. 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%) [1]. It is the licensed operator of the Bruce Nuclear Generating Station, located on the shores of Lake Huron, roughly 250 kilometres northwest of Toronto.
When all units are in service, the facility is capable of supplying up to 6,841 MW of electricity. This would make it the second largest nuclear complex in the world. Unfortunately this is not the case, since several units have been mothballed pending repairs. Its current capacity is approximately 4,640 MW.
Work is 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 [2]. 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
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[edit] 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.
[edit] 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.
[edit] References
- ^ From Bruce Power Web Site - Canadian-based consortium officially joins Bruce Power Limited Partnership
- ^ 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
