Bruce Power delivers 30 per cent of Ontario’s electricity at 30 per cent less than the average price of power in 2014

Press Release

TIVERTON, ON – Dec. 18, 2014 – It was another busy year at Bruce Power, as the world’s largest operating nuclear facility provided over 30 per cent of Ontario’s energy at 30 per cent less than the average cost of electricity. Bruce Power also played a key role in the province’s energy mix and contributing to the economy in a positive way through jobs and investment.

“Bruce Power and its employees are very proud of the work we do, providing Ontarians with a reliable source of affordable electricity that our families and businesses can count on,” said Duncan Hawthorne, President and CEO. “Every day, our employees use innovative techniques and made-in-Ontario technologies to produce safe, reliable and carbon-free electricity for the people of the province, and we are committed to continuing this over the long term.”

The following are some of Bruce Power’s accomplishments in 2014.

• The company invested over $200 million in private dollars into publicly owned reactors, during three planned maintenance outages. These maintenance investment programs help to increase the reliability and extend the life of Bruce Power’s units, which provide over 30 per cent of Ontario’s power at 30 per cent below the average price of electricity.

• Bruce Power played a key role in Ontario’s decision to shut down its coal-fired generation plants, providing 70 per cent of the electricity the province needed to do so. The final coal facility in Ontario was closed in early-2014.

• Bruce B was the top performing multi-unit CANDU plant in the world and was recognized internationally being awarded the Institute of Nuclear Power Operators (INPO) award of excellence in recognition of its world-class performance. In doing so, Unit 5 surpassed 500 days of continuous operation. The unit, one of the top performing CANDU reactors in the world, played a key role in the success of Bruce B in 2014, which provided over 15 per cent of Ontario’s electricity.

• Bruce A achieved its first full calendar year of four-unit operation since the units were removed from service in the 1990s. These units are an essential component to getting off – and staying off – coal generation in Ontario. The 6,300 megawatts of total generation from the Bruce Power site is supported by Hydro One’s new Bruce-Milton Transmission Line.

• All eight units at Bruce Power provided up to 2,400 megawatts of flexible, emissions-free generation to the Ontario market to manage changing supply and demand, duplicating many of the dynamic attributes that coal used to provide the Ontario market.

• Bruce Power forged a $300 million agreement with B&W Canada, which will see the Cambridge company supply important services for all Bruce Power units, to meet the company’s ongoing operational needs. The agreement will allow B&W Canada to continue to be a major employer, providing highly skilled jobs within the Kitchener-Waterloo-Cambridge region and throughout southwestern Ontario.

• The company also signed an agreement to supply Cobalt-60 from the Bruce B reactors to Nordion, an Ottawa-based company that sterilizes 40 per cent of the world’s single-use medical devices and equipment. A new public education website was launched to highlight this innovative partnership: www.cleannuclearpowersafehospitals.com.

• Partnerships formed in 2014 helped to create more awareness around the importance of Bruce Power and nuclear energy in Ontario. The Economic Impact Study, ‘Affordable Power. Jobs & Growth,’ was a joint report with business and union partners that outlined the billions in jobs and economic investment refurbishing Bruce Power’s six remaining reactors would represent. The company also teamed up with the Asthma Society of Canada to release the ‘Clean Air Ontario’ report, which looked at how Bruce Power played a key role in the province shutting down coal plants.

• Bruce Power was awarded a gold level certification for excellence in Progressive Aboriginal Relations from the Canadian Council for Aboriginal Business (CCAB). This is the highest level of recognition offered by the CCAB and Bruce Power is one of only 12 companies in Canada to receive the designation. The company also teamed up with the Bluewater District School Board and the Martin Aboriginal Education Initiative to offer an innovative educational program for local Aboriginal youth.

• In the community, Bruce Power invested about $1.5 million in events and organizations through its Sponsorship and Community Investment Program. This included a multi-year donation of $2 million to support health care infrastructure improvements throughout the region. Bruce Power also awarded $50,000 in post-secondary scholarships to 100 students from Bruce, Grey and Huron counties. The scholarship recipients celebrated at a breakfast with Duncan Hawthorne before heading back to school.

• Bruce Power advanced educational initiatives in 2014, including Version 2 of its iPad and iPhone apps, the collaboration with EnergyMobile for the GridWatch app, which provides up-to-the-minute electricity supply mix information, as well as the Ontario’s Nuclear Advantage campaign, an outreach initiative that highlights the strength and benefits of Ontario’s nuclear industry. The company also donated iPads to libraries in Bruce, Grey and Huron counties to help explain Ontario’s electricity sector.

• The company also reintroduced site tours for the first time since 2001. Four bus tours were held each week in July and another two tours were added to each week of August to help meet demand, with over 1,900 participants.

• Bruce Power Direct launched a conservation product for Ontario businesses, which will help them better understand and manage their energy use, benefitting both the balance sheet and the environment in the process. The online tool is called the ‘Bruce Power Saver.’ Learn more at www.brucepowerdirect.com/powersaver.

About Bruce Power

Bruce Power operates the world’s largest operating nuclear generating facility and is the source of roughly 30 per cent of Ontario’s electricity. The company’s site in Tiverton, Ontario is home to eight CANDU reactors, each one capable of generating enough low-cost, reliable, safe and clean electricity to meet the annual needs of a city the size of Hamilton. Formed in 2001, Bruce Power is an all-Canadian partnership among Borealis Infrastructure Management (a division of the Ontario Municipal Employees Retirement System), TransCanada, the Power Workers’ Union and the Society of Energy Professionals. A majority of Bruce Power’s employees are also owners in the business.

For further information, please contact:

John Peevers – 519-361-6583 – john.peevers@brucepower.com

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