CNSC accepts Ontario Power Generation’s consolidated financial guarantee
November 28, 2017 – Ottawa
Following a public hearing held on October 11, 2017 in Ottawa, Ontario, the Canadian Nuclear Safety Commission (CNSC) announced today its decision to accept Ontario Power Generation Inc.’s (OPG) proposed consolidated financial guarantee for the future decommissioning of its Class I facilities in Ontario. The financial guarantee includes the Darlington, Pickering and Bruce A and B Nuclear Generating Stations; the Darlington, Pickering and Western Waste Management Facilities; and the Radioactive Waste Operations Site 1, located on the Bruce site.
In making its decision, the Commission considered submissions from OPG and two intervenors, as well as CNSC staff’s recommendations.
CNSC staff will report annually on the status of OPG’s consolidated financial guarantee at public Commission meetings for the Regulatory Oversight Report for Canadian Nuclear Power Plants.
The Record of Decision is available on request to the Commission Secretariat. It will be posted in both official languages on the CNSC website at nuclearsafety.gc.ca at a later date. Hearing transcripts can be obtained on the CNSC website or by contacting the CNSC. The hearing webcast is available on the same site for 90 days.
The Canadian Nuclear Safety Commission regulates the use of nuclear energy and materials to protect health, safety, security and the environment; to implement Canada’s international commitments on the peaceful use of nuclear energy; and to disseminate objective scientific, technical and regulatory information to the public.
A financial guarantee ensures sufficient resources are in place if a licensee is not available to fulfill their decommissioning obligations
OPG is responsible for the decommissioning of the Pickering, Darlington and Bruce Power Nuclear Generating Stations and waste management facilities
The decommissioning cost estimate is reviewed annually by the CNSC
Canadian Nuclear Safety Commission
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