March 8, 2011
OPG a little early with its April Fool’s day prank
Apparently, April Fool’s day has come early this year. How else to explain the ads Ontario Power Generation (OPG) is running in today’s Globe and Mail and Toronto Star? OPG is making the astounding claim that its last three major nuclear projects were completed “on budget”. Here’s the truth:
- In 1999 OPG forecast that the cost of returning its shutdown Pickering A Unit 4 nuclear reactor to service would be $457 million. The real cost was 2.7 times higher at $1.25 billion.
- In 1999 OPG estimated that it would cost $213 million to return its shutdown Pickering A Unit 1 nuclear reactor to service. The actual cost was 4.8 times higher at $1.016 billion.
- In 1975 OPG’s predecessor company, Ontario Hydro, said that it would cost $3.2 billion to build the Darlington Nuclear Station. The real cost was 4.5 times higher at $14.319 billion.
Every nuclear project in Ontario’s history has gone massively over budget. On average, the real costs of Ontario’s nuclear projects have exceeded their original cost estimates by 2.5 times.
Angela Bischoff, Outreach Director
Ontario Clean Air Alliance
402-625 Church St, Toronto M4Y 2G1
Phone: 416-926-1907 ext. 246
Clean Air Alliance
Ontario’s Green Future
No Nukes News