Toronto, Canada, October 28, 2017 --(PR.com
)-- TeamCronos is pleased with today’s release of the Government of Ontario’s Long-Term Energy Plan (LTEP).
This updated plan affirms nuclear energy will provide the foundation for the province’s clean, reliable electricity future. Ontario’s commitment to the cost-effective refurbishment of existing nuclear assets at Bruce and Darlington will ensure that for decades to come, families and businesses in the province will benefit from a stable, low-cost source of clean energy. This undertaking, which represents Canada’s largest infrastructure project, is supported by Cronos and its Ontario-based workforce. Cronos is also pleased with the government’s commitment to operate the Pickering Nuclear Generating Station to 2024, supporting the refurbishment outages between now and then by reducing greenhouse gas (GHG) emissions as well as the cost of electricity service to Ontario ratepayers.
Through the LTEP the Government of Ontario hopes to ensure that tomorrow’s energy system builds upon the core strengths of the existing infrastructure while planning for the innovation and technological changes that are already beginning to evolve the way that Ontarians think about and use electricity in their daily lives.
Dale Ohirko, Managing partner of Cronos Consulting Group says, “TeamCronos is thrilled to be supporting the nuclear energy sector which is fundamental to Ontario’s economic and environmental initiatives. The LTEP will provide a tremendous employment boost and retain highly skilled talent at home for decades to come.”
- Nuclear generating stations at Bruce, Darlington and Pickering supply 60 per cent of Ontario’s electricity.
- In 2016, the cost of nuclear power averaged less than 7 cents/kWh, approximately 30 per cent less than the average residential price for electricity.
- By helping to avoid approximately 45 million tonnes of CO2 emitted each year, Ontario’s nuclear fleet is a significant contributor to the province meeting its climate change goals.
- The nuclear industry in Ontario contributes over $5 billion annually to Canada’s economy and supports approximately 50,000 Ontario jobs.
- Ontario’s nuclear facilities and their domestic supply chain create jobs and economic growth in communities across the province.