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February 13, 2016 6:04 AM ET

Electric Utilities

Company Overview of Bruce Power L.P.

Company Overview

Bruce Power L.P. operates a nuclear power generator facility. It generates and provides electricity to hospitals, homes, schools, and businesses in Ontario. The company was founded in 2001 and is headquartered in Tiverton, Canada. Bruce Power L.P. is a former subsidiary of EDF Energy Nuclear Generation Group Limited.

177 Tie Road

R.R. 2

PO Box 1540

Tiverton, ON N0G 2T0

Canada

Founded in 2001

Phone:

519-361-2673

Fax:

519-361-1840

Key Executives for Bruce Power L.P.

Chief Executive Officer, President and Director
Age: 59
Chief Financial Officer and Executive Vice President of Finance & Commercial Services
Chief Nuclear Officer and Executive Vice President
Head of Corporate Communications
Executive Vice President of Human Resources
Compensation as of Fiscal Year 2015.

Bruce Power L.P. Key Developments

Bruce Power L.P. Presents at 7th Annual Canadian Power Finance Conference, Jan-22-2016 09:15 AM

Bruce Power L.P. Presents at 7th Annual Canadian Power Finance Conference, Jan-22-2016 09:15 AM. Venue: The Ritz-Carlton, Toronto, Ontario, Canada. Speakers: Kevin Kelly, Chief Financial Officer and Executive Vice President of Finance & Commercial Services.

Bruce Power and BWXT Canada Ltd. to Sign Memorandum of Understanding

Bruce Power and BWXT Canada Ltd. will sign a memorandum of understanding (MOU) to commence the process for steam generator design and manufacturing out of BWXT Canada's facility in Cambridge, Ontario. The signing of the MOU follows announcement that Bruce Power will advance a long-term, incremental life extension program. The MOU will address the supply of replacement steam generators for the four Bruce B Units, starting with Unit 6, which will go offline for refurbishment starting in 2020. Each Bruce B Unit will require the manufacturing of eight steam generators as part of Bruce Power's life extension program. The supply of eight steam generators per unit will result in more than 350,000 engineering and labour hours for BWXT Canada. The cost of steam generators for the first unit will be determined through this process but is expected to total between CAD 400-500 million for all 32 steam generators across the Bruce B Units, all of which will be advanced incrementally as these important long-lead components are required for the refurbishment program. The final cost will be determined through this process and will take into account a number of factors including pricing of materials and timing. Bruce Power provides a significant portion of nuclear generation and securing output through this long-term agreement.

Ontario Secures Agreement for Greenhouse Gas Emission-Free Electricity Supply

Ontario's Independent Electricity System Operator (IESO) and Bruce Power have reached an agreement that will secure approximately 30% of Ontario's electricity from the Bruce Power Nuclear Generating Station located near Tiverton, Ontario on Lake Huron. Bruce Power will continue to supply 6,300 megawatts of affordable, reliable, low-carbon electricity to the provincial supply mix for the long term. As envisaged in the Ontario government's 2013 Long-Term Energy Plan, this agreement will enable Bruce Power to proceed with mid-life refurbishments of 6 more of its 8 generating units. Mid-life refurbishment adds another 30 to 35 years to the operating life of each unit. Units 1 and 2 refurbishments were completed prior to the new agreement.

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