ON energy minister Smith keeps on giving our taxes to the same friends in the backroom
Energy Minister Todd Smith directs IESO to bypass off-ramp for high-cost Bruce Nuclear re-build
On April 14, 2022 Ontario’s Energy Minister, Todd Smith, directed the Independent Electricity System Operator (IESO) to take a pass on its opportunity to cancel the re-building of two of the Bruce Nuclear Station’s aging reactors despite the fact that energy efficiency, renewables and storage can now keep our lights on at a lower cost.
Background
In 2015 the then Premier of Ontario, Kathleen Wynne, directed the IESO to sign a 49-year contract with Bruce Power for the re-building of six of its eight nuclear reactors.
The Bruce Power contract permits the IESO to cancel the re-building of 4 of the 6 reactors without financial penalty if there are lower cost options to keep our lights on.
As reported by the Globe and Mail on April 15, 2022, … Continue reading