Bruce Power dropping Alberta nuclear plant proposal
CBC News
Posted: Dec 12, 2011 10:23 PM ET
Last Updated: Dec 12, 2011 10:21 PM ET
Bruce Power announced Monday it will no longer go ahead with a controversial nuclear power plant proposed for Peace River, Alta.
"Throughout our existence at Bruce Power we've looked at a number of potential business development opportunities," Bruce Power President and CEO Duncan Hawthorne said in a news release.
"We've decided the new nuclear option in Alberta is not something our company will be progressing further."
The company wanted to build Alberta's first nuclear power plant on a site outside Peace River, about 480 kilometres northwest of Edmonton.
The first site, located on Lac Cardinal, 30 kilometres west of the town, alarmed some residents who worried about its proximity to a freshwater aquifer that provides drinking water for the area.
Those concerns were part of the reason why the company temporarily withdrew an application with the Canadian Nuclear Safety Commission for the Lac Cardinal site in January 2009.
A second location, about 30 kilometres north of Peace River, was chosen two months later, but residents also worried about the site's impact on water and wildlife in the area.
The company will now focus its attention on its Ontario operations, Hawthorne said.
"Innovative businesses develop and consider new opportunities, but we've made a business decision to continue to put our full focus on the safe, reliable operations and ambitious investment program on our Bruce site."
Share Tools
Top News Headlines
- Rob Ford allies set to take over if mayor steps down
- Members of Rob Ford's executive committee say they are prepared to take over the day-to-day running of the city of the Toronto mayor is no longer able to perform his duties, amid a scandal involving allegations he was caught on video smoking crack cocaine.
more »
- Greg Weston: Senate scandal may be Harper's worst hour
- The widening Senate scandal that the prime minister flippantly tried to dismiss as a 'distraction' just days ago has instead become arguably Stephen Harper's worst hour. more »
- Man is ‘lucky to be alive’ after Washington bridge collapse
- A Washington state bridge over a river collapsed last night, dumping two vehicles into the water and sparking a rescue effort by boats and divers who searched the chilly waterway north of Seattle. more »
- 3D printers give rise to 'desktop manufacturing'
- Customizable objects from plastic dollhouse furniture to medical prosthetics can now be designed and printed out by almost anyone at the press of a button, and is going to lead to an 'explosion of new stuff,' predicts author Chris Anderson. more »
- Rob Ford fired chief of staff for telling mayor to 'get help'
- CBC News has learned the details of what precipitated the firing of Mark Towhey as Toronto Mayor Rob Ford's chief of staff — and it was advice from Towhey that Ford needs to 'get help.' more »
Must Watch
Latest Business Headlines
- German brewers worry fracking will compromise beer quality
- German brewers are worried that fracking, the process of extracting natural gas from underground shale deposits, will jeopardize the quality of their beer by contaminating the water supply and have asked their government to hold off on passing the fracking regulations it has been drafting for months. more »
- National Bank hikes dividend
- Canada's sixth-largest bank is hiking its dividend and buying back some of its shares, National Bank announced Friday along with a second-quarter profit that beat analyst estimates by a wide margin. more »
- SNC-Lavalin letter says Gadhafi son offered VP post: RCMP
- SNC-Lavalin's ties to Libya's former dictatorship ran so deep the company offered the son of Moammar Gadhafi a six-figure job as a vice president in 2008, according to a newly unsealed RCMP affidavit. more »
- Importers brace for fight over iPods and TVs
- Importers of popular electronics such as big-screen TVs and MP3 players are ramping up their fight against federal tariff changes, accusing the government of misleading them by offering tariff breaks that it planned to claw back later. more »
- Big retailers pull out of $7B credit card fee settlement
- Some of America's largest retailers, including Target Corp. and Macy's Inc., on Thursday filed a lawsuit against MasterCard and Visa, rejecting a settlement reached last year over alleged fee-fixing. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12658.09 | unch |
| DOW | 15294.50 | -12.67 |
| NASDAQ | 3459.42 | -3.88 |
| SP 500 | 1650.51 | -4.84 |
| TSX-VENTURE | 942.05 | unch |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- Rob Ford fired chief of staff for telling mayor to 'get help'
- Man is ‘lucky to be alive’ after Washington bridge collapse
- Alleged Ford crack video seller not responding to calls
- Pickup truck backs up over mother, 2 children in tent
- Montreal lifts boil-water advisory
- Rob Ford councillors set to take over if mayor steps down
- Greg Weston: Senate scandal may be Harper's worst hour
- Mike Duffy says he wants to give Canadians 'the whole story'
- Canada Post campaigns against 'no flyers' mailbox signs

