FreshBooks General Information Description. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. OPG also owns the Bruce plant, but Bruce Power operates it under a long-term lease. British Energy PLC, which owns an 82.4 per cent stake in Bruce Power, announced yesterday that it is seeking a bail-out from the British government. Bruce Power operates four of the eight CANDU reactors at the nuclear generating facility in Tiverton, Ont., which supplies Ontario Hydro with about 25 per cent of its power. OMERS Infrastructure is a world leader in direct infrastructure investing with over a decade of investment experience. British Energy has sold its 82.4 per cent interest in Bruce Power to a Canadian-based consortium that includes TransCanada Pipelines, Cameco Corp., and BPC Generation Infrastructure Trust. OMERS, which has a membership of more than 430,000 members, manages more than $60-billion in net assets. It first bought into the Bruce Power system in 2003, when British Energy sold its 31.2 per cent stake. The Society is an independent trade union which represents professional employees in the energy sector. Robert the Bruce, king of Scotland (1306–29), who freed Scotland from English rule, winning the decisive Battle of Bannockburn (1314) and ultimately confirming Scottish independence in the Treaty of Northampton (1328). TC Energy (formerly TransCanada Corporation) is a leader in the responsible development and operation of North American energy infrastructure. A majority of our employees are also owners of the business. In 2014, Cameco announced it had agreed to sell its 32% shareholding in Bruce Power to BPC Generation Infrastructure Trust (Borealis Infrastructure) for $450 million. Comments that violate our community guidelines will not be posted. Email: info@brucepower.com, Contact | Terms of Use | Accessibility | Sr. “We are very pleased with today’s announcement that Borealis Infrastructure [the investment wing of the Ontario Municipal Employees … Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. Bruce Power's site assets will remain owned by the Ontario government, but the partnership will continue to run four of its eight nuclear reactors … ... and who currently owns them. Phone: 519 361 2673 Decommissioned in 1984 and located next to Bruce NGS; site leased to Bruce Power by OPG; equipment owned by AECL Bruce: 1–4 1977–1979 Unit 3 limited to 92.5% of capacity 5–8 1984–1987 Now operated by Bruce Power, but site owned by OPG Pickering: 1–4 1971 Units 2–3 in safe shutdown state 5–8 1983 Darlington: 1–4 1990–1993 In May 2012, damage to some non-nuclear equipment forced a delay in reconnecting the refurbished Unit 2 to the provincial power grid. “We are very pleased with today’s announcement that Borealis Infrastructure [the investment wing of the Ontario Municipal Employees Pension Plan (OMERS)], will acquire Cameco’s 31.6 percent interest in Bruce Power’s Bruce B Nuclear Generating Station. Click here to subscribe. We aim to have all comments reviewed in a timely manner. Borealis Infrastructure, the investment arm of one of the country's largest pension funds, will soon become the majority owner of Bruce Power, which operates Ontario's biggest nuclear power complex. One of the key elements to Ontario's survival on that surreal day just over 13 years ago was the Bruce Power nuclear facility, which was quickly able to provide the power Ontario needed to rebuild its grid. Bruce Power is a Canadian-owned partnership of TC Energy, Ontario Municipal Employees Retirement Systems (OMERS), the Power Workers’ Union and The Society of United Professionals. Some information in it may no longer be current. Check out the future of simple, clean and scalable energy production at globalfirstpower.com | Global First Power (GFP) is in the business of developing and deploying small modular reactor technology as an alternative to fossil-fuel generation in remote communities and mines that are not connected to provincial electricity grids. Read our, I'm a print subscriber, link to my account, Avoid the use of toxic and offensive language. This new agreement represents an extension and material amendment to the … This is a 6.4-gigawatt nuclear facility that is 48.4%-owned by TC Energy. Developer of a business accounting platform designed to make online invoicing easy and secure. Bruce Power's site assets will remain owned by the Ontario government, but the partnership will continue to run four of its eight nuclear reactors in Tiverton, Ont., on the eastern shore of Lake Huron. That means: If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour. If no suitable bailout is forthcoming, "the company may be unable to meet its financial obligations as they fall due and therefore the company may have to take appropriate insolvency proceedings," British Energy said in a statement. Within just five hours, the facility – owned … More than 830 Bruce Power employees are represented by The Society. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. Duncan Hawthorne, Bruce Power's president and CEO, said the deal is an opportunity to revamp the partnership and put Ontario's long-term energy plan into effect. Power Workers’ Union (PWU) President, Don MacKinnon expressed his support for today’s announcement from Bruce Power regarding changes to its ownership structure. 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