PICKERING, Ont.—On Aug. 8, the Canadian Nuclear Safety Commission (CNSC) announced its decision to grant a 10-year operating licence for Ontario Power Generation’s Pickering Nuclear Generating Station.
The power plant will operate until the end of 2024, followed by safe storage activities, such as removal of fuel and water, between 2024 and 2028.
“OPG is very pleased with the CNSC’s decision that will save Ontario’s electricity customers up to $600 million and preserve 7,500 jobs across Ontario,” said Jeff Lyash, OPG’s president and CEO. “Today’s decision reflects our continued investment in Pickering to improve its already strong performance, and the dedication of our staff to nuclear safety and ensuring safe and reliable operations to 2024.”
OPG says the plant’s continued operations will contribute $12.3 billion to Ontario’s GDP and avoid carbon emissions comparable to taking 3.4 million cars off the road.
Ontario Premier Doug Ford made keeping the plant open until 2024 a central campaign promise during the spring election.