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Published by: Ivey Publishing
Originally published in: 2018
Version: 2018-11-29
Length: 7 pages
Data source: Field research

Abstract

In 2017, a strategic analyst with the Ontario Ministry of Energy, was asked to evaluate the potential for decommissioning the Ontario Power Generation's Pickering Nuclear Generating Station (Pickering) in Pickering, Ontario, at the scheduled end of the plant's operations in 2024, instead of waiting until 2054. Decommissioning Pickering would require CAD5.264 billion in 2016 terms. Storing the spent fuel would cost another CAD4.3 billion, for a total of CAD9.564 billion. Ontario Power Generation had set aside CAD2.75 billion for decommissioning Pickering and for long-term storage of its spent fuel. To bridge the gap between what it had contributed and what was required, Ontario Power Generation was investing in a decommissioning fund and assuming that its investment would increase in real terms by 3.25 per cent a year. The strategic analyst had to examine what it would cost to decommission Pickering in 2024 versus what it would cost in 2054.
Location:
Industry:
Size:
Large
Other setting(s):
2017

About

Abstract

In 2017, a strategic analyst with the Ontario Ministry of Energy, was asked to evaluate the potential for decommissioning the Ontario Power Generation's Pickering Nuclear Generating Station (Pickering) in Pickering, Ontario, at the scheduled end of the plant's operations in 2024, instead of waiting until 2054. Decommissioning Pickering would require CAD5.264 billion in 2016 terms. Storing the spent fuel would cost another CAD4.3 billion, for a total of CAD9.564 billion. Ontario Power Generation had set aside CAD2.75 billion for decommissioning Pickering and for long-term storage of its spent fuel. To bridge the gap between what it had contributed and what was required, Ontario Power Generation was investing in a decommissioning fund and assuming that its investment would increase in real terms by 3.25 per cent a year. The strategic analyst had to examine what it would cost to decommission Pickering in 2024 versus what it would cost in 2054.

Settings

Location:
Industry:
Size:
Large
Other setting(s):
2017

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