November 28, 2016 Dear…

November 28, 2016

Dear Minister Thibeault and Minister Chiarelli,

On behalf of the Canadian Council for Public-Private Partnerships, I am pleased to share with you the enclosed report entitled, “Bruce Power: Canada’s Largest Public-Private Partnership.” This report concludes that Bruce Power’s unique public-private partnership (P3) continues to help Ontario achieve a number of key goals, such as keeping electricity prices low for families and businesses, and ensuring that Ontarians have a clean and healthy environment. We are also submitting this report as part of the Long-Term Energy Plan (LTEP) review process so this important information can be considered.

The report summarizes the company’s achievements over the last 15 years within a P3 structure, including the continuation of policy support for Ontario’s LTEP. This project will enable Bruce Power to add value to the province for decades to come through the provision of affordable energy, thousands of jobs, and billons of dollars in annual economic activity.

Bruce Power is a critical component of Ontario’s Long-Term Energy Plan. As you are aware, Bruce Power contributes nearly one-third of electricity supply across the province and the rate of the generated power comes in at a cost of thirty percent less than the average residential price of energy. Bruce Power also employs more than 4,000 people on a permanent basis, and has been the single largest source of job creation in Ontario’s trades sector over the last decade. In addition, the total economic impact is estimated to be 22,000 jobs across Ontario.

Bruce Power’s strong track record of delivering significant value through low-cost and reliable electricity demonstrates that nuclear power can be operated safely and cost-effectively by the private sector in a competitive market. As one of the largest P3s in Canada, and the first involving nuclear power generation, the Council strongly believes that Bruce Power stands as a compelling model for future P3s in the global energy sector.

It is my hope that you give this report and its contents into serious consideration during your review. The Council urges the government to continue investing in nuclear innovation and continue to utilize the P3 model, which is allowing nuclear energy to be an invaluable component of Ontario’s energy mix and is integral to Ontario and Canada reaching its GHG emission targets. This will help ensure that Ontario and Canada are positioned to capitalize on the next wave of the industry advancements, have cleaner energy, and strengthen our economy.

Sincerely,

Mark Romoff, President and CEO

CC. Members of Provincial Parliament, Legislative Assembly of Ontario

Bruce Campbell, President/CEO IESO

[Original Comment ID: 206620]