The Ontario Government plans to re-build 10 aging nuclear reactors at a cost of up to $80 billion. It’s a hugely expensive and inflexible way to meet our changing energy needs and will lock us into high-cost nuclear power for the next 30 years or more.
Every nuclear project in Ontario’s history has gone massively over budget, which is why you pay a debt retirement charge on your power bill every month. This time will be no different — preliminary work on the Darlington Nuclear re-build project is already hundreds of millions of dollars over budget!
Ontario power consumers could save billions if our government makes a long-term deal to import low-cost water power from Quebec instead of rebuilding old reactors. Quebec has a growing power surplus and is looking for new export markets. Working with our neighbours makes far more sense than going it alone once again with high-cost, high-risk nuclear.
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