Today Ontario Premier-Designate Doug Ford failed to seize his opportunity to lower Ontario’s electricity costs by $1.1 billion per year by directing Ontario Power Generation (OPG) to close the Pickering Nuclear Station in August when its licence expires. On the contrary, Mr. Ford announced that he will allow the 4th oldest nuclear station in North America to continue to operate in the middle of the GTA until 2024. Mr. Ford’s decision does not make financial sense for Ontario’s electricity consumers. The annual savings from closing the Pickering Nuclear Station would be 183 times greater than the savings from firing Mayo Schmidt, the CEO of Hydro One. According to the Canadian Manufacturers & Exporters association, the Pickering Nuclear Station’s performance is “persistently abysmal…by any objective standard.”
Clean Air Alliance 21st June 2018 read more »
