A day after Ontario’s private nuclear operator Bruce Power was passed over for building new nuclear reactors at its site on Lake Huron, it announced that it will carry out a “feasibility study” on building new nuclear plants in Saskatchewan, says the Globe and Mail today.
I’m pretty sure what’s really going on is that Bruce Power is assessing whether the Saskatchewan government will give it the same kind of sweetheart deal it has with the Ontario government.
In Ontario, Bruce Power leases a nuclear site from the provincial government. The lease agreement passes on the liability for such things as cost over-runs onto the rate-payer. The Ontario government also agreed to build a $ 600 million dollar power line to transmit Bruce Power’s electricity to Toronto.
It’s a good deal for Bruce Power. It’s a bad deal for rate-payers. Saskatchewan beware.