Pickering (Jan 30) – The Doug Ford government has announced its support for the Ontario Power Generation’s (OPG) plan to proceed with the next steps toward refurbishing four of the Pickering Nuclear Generating Station’s “B” units. Once refurbished, Pickering would produce a total of 2,000 megawatts (MW) of electricity.
“With global business looking to expand in jurisdictions with reliable, affordable and clean electricity, a refurbished Pickering Nuclear Generating Station would help Ontario compete for and land more game-changing investments,” said Energy Minister Todd Smith.
“The refurbishment of Pickering would create thousands of new jobs and help produce at least another 30 years of safe, reliable and clean electricity to power the next major international investment, the new homes we are building and industries as they grow and electrify,” Smith added.
OPG will now proceed with the Project Initiation Phase of refurbishment which will last through the end of 2024. The province is supporting OPG’s $2 billion budget for this phase which includes engineering and design work as well as securing long-lead components.
Based on OPG’s preliminary schedule, the refurbishment of Pickering Nuclear Generation Station is anticipated to be completed by the mid-2030s. According to independent preliminary analysis by the Conference Board of Canada, the refurbishment of Pickering is expected to increase Ontario’s GDP by $19.4 billion over the 11-year project period. The project is also expected to create about 11,000 jobs per year, supporting a growing labour force across the province through existing and new good-paying jobs in the nuclear and supporting industries. Post-refurbishment operation of the facility would also create and sustain about 6,410 Ontario jobs per year for decades to come.
“Our experience refurbishing Darlington, a highly complex project that remains on time and on budget, will be invaluable as we begin the work necessary so Pickering can continue to help meet the growing electricity demands of this thriving province for another three-plus decades,” said Ken Hartwick, OPG President and CEO.
The Independent Electricity System Operator (IESO) concluded that the Pickering refurbishment would provide better overall ratepayer value in terms of costs and risks, when compared against non-emitting generation alternatives.
“This, combined with Pickering’s outstanding operational performance and Ontario’s thriving economy driving electricity demand, factored into the government’s decision to support OPG’s work toward extending the life of this long-time clean energy workhorse,” the Ministry of Energy said in a news release.
The refurbishment of Pickering Nuclear Generating Station’s “B” units is also subject to regulatory approval by the Canadian Nuclear Safety Commission (CNSC), following a rigorous and transparent process. The CNSC is the federal nuclear regulator responsible for licensing nuclear power plants and overseeing their safe operation in Canada.
