Ontario Power Generation Won't Restart Two Nuclear Reactors

[struggle4progress]

Aug. 12 (Bloomberg) -- Ontario Power Generation Inc., the province-owned utility that provides 70 percent of Ontario's electricity, won't restart two nuclear reactors at a plant east of Toronto because the repairs would cost too much.

``We have done our assessments of the two units and we could not see an acceptable business case,'' Ontario Power Chief Executive Jim Hankinson said today on a conference call. ``This was a decision based solely on economic factors.''

Repairing the reactors at the Pickering plant would cost about C$2 billion ($1.66 billion), Chief Nuclear Officer Pierre Charlebois said on the call. The units, which generated about 1,030 megawatts before shutting down in 1997, would have required more maintenance and performed worse than the others, he said. <snip>

http://www.bloomberg.com/apps/news?pid=10000082&sid=aR3Amf3Aa2wk&refer=canada