JUST IN: Ontario says it plans to extend the life of the Pickering Nuclear Generating Station by one year.
Energy Minister Todd Smith said he has asked Ontario Power Generation to keep the plant going until September 2026.
The province has also asked OPG to to examine whether Pickering is worth refurbishing, a process that can see a plant produce power for another 30 years. He said demand for electricity is high and will only get higher with investments in electric vehicles, electric arc furnaces in steel plants and investment in general that would require more electricity."When we were exploring opportunities on how we fill that gap is we've got an existing asset here that has a proven track record of providing safe and reliable electricity and affordable electricity everyday, why not look at extending that through September 2026," Smith said.
The additional generation in the medium term relies heavily on natural gas and there are also some natural gas proponents on the IESO's list of qualified long-term proponents -- even as the government seeks to end reliance on it.
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