Company type | Limited partnership |
---|---|
Industry | Electricity generation |
Founded | 2001 in Tiverton, Ontario |
Headquarters | Tiverton, Ontario, Canada |
Key people | President & CEO: Mike Rencheck |
Products | Electricity |
Website | www |
Bruce Power Limited Partnership is a Canadian business partnership composed of several corporations. It exists (as of 2015) as a partnership between TC Energy (31.6%), BPC Generation Infrastructure Trust (61.4%), the Power Workers Union (4%) and The Society of United Professionals (1.2%).[1] It is the licensed operator of the Bruce Nuclear Generating Station, located on the shores of Lake Huron, roughly 250 kilometres northwest of Toronto, between the towns of Kincardine and Saugeen Shores. It is the third-largest operating nuclear plant in the world by capacity.
Bruce Power operates eight nuclear reactors on Lake Huron where it leases the Bruce site from Ontario Power Generation.[2] With those eight units in operation, the facility has a capacity of 5,403 megawatts and typically supplies nearly 30 per cent of the electricity used in Ontario's provincial power grid.[2] Bruce Power became the world's largest operating nuclear facility in 2012, when Units 1 and 2 returned to operation after a multibillion-dollar refurbishment project. This achievement returned the site to full operating capacity for the first time in 17 years.
According to the company, "Bruce Power set a site record for production in 2015, generating 30 per cent of Ontario's electricity at 30 per cent less than the average residential price of power.[3]