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[cdn-nucl-l] Bruce Nuclear for sale?
Sunday June 4, 6:20 am Eastern Time
British Energy wins deal for Canada's Bruce -paper
LONDON, June 4 (Reuters) - Nuclear generator British Energy Plc is set to
complete a deal worth up to $1 billion to run Canada's largest nuclear power
plant, in one of its most ambitious overseas moves, the Sunday Telegraph
British Energy and a consortium of Canadian investors had won the race to
lease and operate the Bruce station in the province of Ontario for up to 20
years, the paper said, quoting Canadian officials.
Under terms of the deal with Ontario Power Generation Inc., British Energy
is expected to pay $200 million for the site and make further stage payments
in future years.
But all or almost all of Bruce's liabilities are expected to remain with the
The 6000 MW Bruce nuclear power complex has eight reactors in two units.
It is the first nuclear plant to be sold or leased by Ontario Power
Generation, which is a spin-off of the Canadian province's public electrical
utility, Ontario Hydro.
The paper said the deal might also open the way for British Energy to bid
for coal-fired power stations in the province, where Ontario Power has been
told to reduce its 85 percent share of the power supply market to 35