Bill the Children: NB Power’s Solution for Hidden Nuclear Costs

NB Power’s troubled nuclear power program is about to have a dramatic impact on the utility’s profitability and provincial power rates. After pursuing an aggressive accounting policy that hid from ratepayers about a fifth of the province’s wholesale electricity costs over a period of more than 4 years, NB Power is now showing the bill to …

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AECL Nuclear Refurbishment Losses Quantified

The attached news report is the first time I have seen the losses being sustained by the federal government on Candu nuclear refurbishments quantified. Bruce Power, NB Power and Korea Electric power are receiving refurbishment services from AECL at far below cost. The news report indicates: “The Crown corporation lost $413 million on refurbishment projects …

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AECL: Jim Flaherty’s Atom Splitting Headache

This link: Jim_Flaherty_s_Atom_Splitting_Headache is the slide deck  originally prepared for a lecture presented to U of T EngSci ESC 203, “Engineering, Society and Critical Thinking” October 26, 2010. EngSci students are specifically invited to send in comments or questions, as are any other interested readers. Many thanks again to Lisa Romkey, the instructor for ESC 203, for the …

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Update on AECL’s Commercial Disaster Happening in New Brunswick – October 2010

AECL has announced that it will re-remove the full complement of new calandria tubes that it had previous installed in the Point Lepreau reactor. Here is the very thin NB Power press release, a CBC news story with some useful history and context, and a Telegraph Journal newspaper article wherein I encourage New Brunswick to …

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Comment on NB Energy Politics: “Energy rate can’t be frozen responsibly”

The attached column in the Saint John Telegraph Journal newspaper discusses the Conservative party’s current energy platform in the ongoing election campaign. The platform is a depressing commitment to return to previous policy mistakes driven by arbitrary rate freezes and price roll-backs without corresponding cuts in underlying cost. This failure is particularly ugly given that the Conservative Leader …

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