At a recent meeting in Detroit, the G-8 energy ministers were looking for alternatives to non-renewable resources such as oil and gas. Nuclear energy was high on that list of alternatives. But as the Great Lakes Radio Consortium’s Dan Karpenchuk reports, on the north shore of Lake Ontario, at least, renewing the drive towards nuclear power is becoming too costly:
Transcript
At a recent meeting in Detroit, the G-8 energy ministers were looking for alternatives to non-renewable resources such as oil and gas. High among those alternatives was emphasis on nuclear energy. But as the Great Lakes Radio Consortium’s Dan Karpenchuk reports, on the north shore of Lake Ontario, at least, renewing the drive towards nuclear power is becoming too costly:
The nuclear power plant at Pickering, on the shores of Lake Ontario, holds some of the oldest reactors in North America. Environmentalists have long argued that the 30-year-old reactors in the Pickering power plant should be mothballed. But a couple of years ago, Ontario Power Generation said it would completely overhaul the reactors, estimating a cost of about one billion dollars Canadian.
But the costs, complexity, and time it would take to do the work turned out to be more than anyone expected. The scheduled re-opening has now been twice delayed …and the cost of doing the work has already soared to more than two billion dollars.
While environmentalists in the Great Lakes region may take heart at the delays and the increased
costs, the Ontario government is sticking with it.
Senior officials at the plant say no matter what the costs, re-furbishing is by far the best option for the province. They say even carrying the two billion dollar price tag, it would be competitive with other energy sources such as gas and oil. And, in that context, they say, it still makes commercial sense.
For the Great Lakes Radio Consortium, I’m Dan Karpenchuk.