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sleepyguy 7 hours ago

Historical Ontario Hydro Debt: By the late 1990s, aggressive nuclear builds resulted in $38.1 billion of debt for Ontario Hydro, of which $20.9 billion was stranded.

The Bruce A refurbishment in the late 1990s and early 2000s saw five-fold cost overruns. Bruce A was originally projected to cost $0.9 billion but ended up at $1.8 billion. The Bruce B project was budgeted at $3.9 billion and ultimately cost $6 billion.

https://canadiandimension.com/articles/view/ontarios-costly-...

Safety and operational issues also plagued the industry. The four units at Pickering had been shut down because of safety concerns—and then shut down again. By 1993, the performance of the Bruce Nuclear Generating Station, located on the shores of Lake Huron, had drastically declined. In 1997, Ontario Hydro announced that it would temporarily shut down its oldest seven reactors. By that time, the escalating costs of the newest reactors at the Darlington site were already a cautionary tale. Originally billed in 1978 at $3.9 billion the final cost in 1993 had more than tripled to $14.4 billion (1993 dollars).

applied_heat 6 hours ago | parent [-]

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