Tuesday, April 22, 2008

Ont. electricity consumers on hook for Bruce Power cost overruns; critics say

TORONTO - Ontario electricity consumers will be the ones stuck with the bill for escalating costs to re-start a Bruce Power nuclear station, which the company now says will cost 24 per cent more than initially expected, critics warned Thursday.

The nuclear electricity generator said Thursday it now estimates the cost of returning two idle reactor units to service at between $3.1 billion and $3.4 billion, up from an original 2005 cost projection of $2.75 billion.
(Full article at: http://www.cbc.ca/cp/business/080417/b0417149A.html)

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