Bruce Power
From Wikipedia, the free encyclopedia
| 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, 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 MW 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 MW which is enough to power one fifth of Ontario.
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
In March of 2008, Bruce Power applied for a license to build a nuclear power plant at Cardinal Lake.[3]
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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
- ^ Bruce Power buys assets of Energy Alberta Corp.
