Bruce Power

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Bruce Power Limited Partnership
Type Limited liability partnership
Industry Electricity generation
Founded Tiverton, Ontario (2001)
Headquarters Tiverton, Ontario, Canada
Key people Duncan Hawthorne - President & CEO
Products Electricity
Revenue Increase N/A CAN
Website 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%).[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. This is the largest operating nuclear plant in the world by output (Kashiwazaki is currently closed in Japan)

With eight units in operation, the facility supplies 6,300 megawatts of electricity to Ontario's power grid. That's nearly 30 per cent of homes, schools, hospitals and businesses in the province. Bruce Power became the world's largest operating nuclear facility in 2012, when Units 1 and 2 returned to operation after a multi-billion dollar refurbishment project. This achievement returned the site to full operating capacity for the first time in 17 years.

Governance

Current members of the board of directors of Bruce Power are: Dennis Fry, Duncan Hawthorne, Michael Rolland, Bernard Michel, Alexander Pourbaix, Sean McMaster, Sean Quinn, and Preston Swafford.

Current projects

Bruce Power has invested more than $7 billion in its Bruce A and B facilities to restart and optimize the performance of its nuclear fleet over the last decade and has successfully carried out massive refurbishment and plant life extension projects on all of its operational units.

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 2003/04), Units 1 and 2 underwent a multi-billion dollar refurbishment after years of dormancy. To facilitate this, on Oct. 17, 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

During its peak, the Bruce A Restart project was named the largest infrastructure project in Canada, and it was widely considered as one of the most complex engineering challenges Ontario has ever seen.

Safety was also a key component of the Restart initiative for both Bruce Power and its contractors. The project marked an astounding 24 million hours worked without a single acute lost-time injury. For a project this significant, this was a remarkable landmark for the entire industry.

In October, 2012, Bruce Power returned Units 1 and 2 to commercial operation just weeks after synchronizing to Ontario's electricity grid for the first time since 1997 and 1995 respectively.

Bruce Power Alberta

In 2008, Bruce Power applied for a license to build a nuclear power plant at Cardinal Lake.[3] 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 sought 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 have seen 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, open houses, workshops and community meetings were held and regular newsletters issued to update residents and seek their input across Alberta.

Late in 2011, Bruce Power announced it had decided against advancing the proposal.[4]

History

Bruce A Turbine Hall during the 2002-04 restart project

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-owned Limited Partnership on Feb. 14, 2003

In May 2001, Bruce Power became the licensed operator of the Bruce Nuclear Generating Station in Tiverton, Ontario, acquiring the sites from the defunct Ontario Hydro. Bruce A and Bruce B are equipped with eight CANDU nuclear reactors (four at each station). The initial four reactors were commissioned at Bruce A between 1977 and 1979, while Bruce B's were added between 1984 and 1987. The Bruce Power site at Tiverton is the world's largest nuclear generating facility.

Since its creation, Bruce Power has successfully restarted all four Bruce A reactors.

On Oct. 7, 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 Jan. 8, 2004.

On Oct. 17, 2005, Bruce Power reached an agreement with the Ontario Power Authority and launched a $4.25 billion investment program to refurbish and restart Bruce A Units 1 and 2. Unit 1 was returned to the grid on Sept. 20, 2012, with Unit 2 following shortly thereafter on Oct. 18, 2012. [5] [6]

Restarting those units boosts Bruce Power's output to 6,300 MW, making Bruce Power the source for about 25 per cent of Ontario's electricity on a typical day.

In 2014 Cameco announced it had agreed to sell its 32% shareholding in Bruce Power.[7]

References

  1. ↑ From Bruce Power Web Site - Canadian-based consortium officially joins Bruce Power Limited Partnership
  2. ↑ "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". 
  3. ↑ "Bruce Power buys assets of Energy Alberta Corp.". 
  4. ↑ "Bruce Power will not proceed with nuclear option in Alberta" (Press release). Bruce Power. 12 December 2011. 
  5. ↑ "Bruce Power’s Unit 1 sends electricity to Ontario grid for first time in 15 years". Bruce Power press release. Bruce Power. 
  6. ↑ "Bruce Power’s Unit 2 sends electricity to Ontario grid for first time in 17 years". Bruce Power press release. Retrieved 19 October 2012. 
  7. ↑ "Cameco to leave Bruce Power". Nuclear Engineering International. 31 January 2014. Retrieved 1 February 2014. 

External links

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