Bruce Power CEO Interested in Taking Over Ontario Nuclear Fleet

The Toronto Sun reported that Bruce Power’s CEO Duncan Hawthorne is interested in taking over the nuclear power plants in Ontario currently being operated by publicly owned Ontario Power Generation (OPG) on the basis that under the private operation, Ontario’s nuclear fleet could be run more efficiently. Bruce Power is Canada’s first private nuclear generator when the company took over the publicly owned plant on Lake Huron’s shoreline in 1998.

According to the report:

Unlike OPG, private companies aren’t subject to investigations by Ontario’s auditor general, but Hawthorne said he’s responsible to shareholders.

Duncan Hawthorne commented:

How much simpler would it be to phase and co-ordinate if there was only one brain doing that, as opposed to two companies that you’re hoping will work co-operatively together and that’s before I even talk about where the money’s coming from,” he said. “It’s a mistake to have two operators, separated, doing different things and having to rely on goodwill … It doesn’t extend to fleet management decisions.

Click here to view the full article.