Business News • MarketWire • OMERS to Invest in Future Bruce Power Refurbishment Projects |
OMERS to Invest in Future Bruce Power Refurbishment Projects |
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OMERS to Invest in Future Bruce Power Refurbishment Projects
TORONTO, ONTARIO--(Marketwired - Dec. 3, 2015) - OMERS announced today that Bruce Power has signed a definitive agreement with the Independent Electricity System Operator (IESO) which will allow OMERS to invest in the refurbishment of six Bruce Power reactor units over the next twenty years. This framework agreement with the IESO for the refurbishment of the units will increase their lifespan 30 to 35 years, guaranteeing the Province of Ontario access to safe, reliable and carbon-free electricity. In return, Bruce Power will receive an agreed price for all generation from the site, which will be subject to certain adjustments over time.
View More : http://www.marketwired.com/mw/release.do?id=2079097&sourceType=3
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