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        Refurbishment Agreement

        Bruce Power entered into the Bruce Power Refurbishment Implementation Agreement (BPRIA) in 2005 to enable the restart of Bruce Units 1 and 2, to return the site to its full operating capacity of eight units. The amended agreement enables the company to progress with a series of incremental life-extension investments, including MCR, to secure a clean, reliable and low-cost source of electricity for Ontario families and businesses for decades.

        Bruce Power is Ontario’s lowest cost source of nuclear, currently producing over 30% of the province’s electricity at 30% less than the average cost to generate residential power. Extending the operational life of the Bruce Power units will ensure Ontario families and businesses have long-term price stability.

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