It’s our problem, and here in South Bruce, we have an opportunity to be part of the solution. Bruce Power was acquired by OMERS Infrastructure on January 1, 2003. Last year, the site produced about a third of Ontario's electricity. This article was published more than 6 years ago. "Bruce Power is an investment that continues to fit with our long-term strategy to invest in core, large-scale and high-quality infrastructure assets. ... and who currently owns them. The biggest power producer in Britan, British Energy owns about 80 per cent of Bruce Power, while Saskatchewan's Cameco Corp. owns 15 per cent. There are more than 56 kilometres of roads on site, and at least 25 major structures. In the end there was a remarkable structure that taught a young, emerging industry how to make the best nuclear power reactors in the world. OMERS, which has a membership of more than 430,000 members, manages more than $60-billion in net assets. It is wholly owned by the Ontario Municipal Employees Retirement System (OMERS). It first bought into the Bruce Power system in 2003, when British Energy sold its 31.2 per cent stake. “We are very pleased with today’s announcement that Borealis Infrastructure [the investment wing of the Ontario Municipal Employees Pension Plan (OMERS)], will acquire Cameco’s 31.6 percent interest in Bruce Power’s Bruce B Nuclear Generating Station. Cameco is one of the world's largest uranium producers with mines, mills and conversion plants in Canada, the United States and abroad. British Energy PLC, which owns an 82.4 per cent stake in Bruce Power, announced yesterday that it is seeking a bail-out from the British government. OMERS The company invests in and manages large-scale infrastructure assets exhibiting stability and strong cash flows. Last month, the Ontario Power Authority said it was still undecided over whether Bruce Power will be on the hook for missing a deadline to restart two nuclear reactors in 2012. Developer of a business accounting platform designed to make online invoicing easy and secure. Email: info@brucepower.com, Contact | Terms of Use | Accessibility | Sr. TC Energy is one of the continent’s largest providers of gas storage and owns, or has interests in, approximately 7,700 megawatts of power generation. Bruce Power owns and operates the Bruce nuclear power plant in Ontario and is itself owned by a group of partners including TransCanada and Cameco. Who owns Bruce Power? In 2014, Cameco announced it had agreed to sell its 32% shareholding in Bruce Power to BPC Generation Infrastructure Trust (Borealis Infrastructure) for $450 million. Learn more about his life and reign. Bruce Power owns and operates the Bruce nuclear power plant in Ontario and is itself owned by a group of partners including TransCanada and Cameco. PO Box 1540 177 Tie Rd., R.R. BRUCE POWER IS A CANADIAN-OWNED PARTNERSHIP BETWEEN: BRUCE A OMERS (Borealis) 48.87% TransCanada 48.87% PWU 1.77% Society 0.22% Employee Trust 0.24% FIGURE 1 BRUCE POWER OWNERSHIP BRUCE B OMERS (Borealis) 61 37% TransCanada 31.60% 5 26% Society 1.75% SITE AND ASSETS Province of Ontario 100% Read our, I'm a print subscriber, link to my account, Avoid the use of toxic and offensive language. Welcome to The Globe and Mail’s comment community. Bruce Power's site assets will remain owned by the Ontario government, but the partnership will continue to run four of its eight nuclear reactors … If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Bruce Power's site assets will remain owned by the Ontario government, but the partnership will continue to run four of its eight nuclear reactors in Tiverton, Ont., on the eastern shore of Lake Huron. So “they” is actually “us”. We stand in solidarity with Black, Indigenous and People of Colour (BIPOC) communities across the world in the unquestionable proclamation that the lives of BIPOC Matter. It’s a crown corporation, owned by the people of Ontario. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. PWU News Release Regarding Bruce Power Ownership Structure Announcement. Following the financial difficulties of British Energy in the Fall of 2002, the LLP became a wholly Canadian-owned Limited Partnership on Feb. 14, 2003 Toll Free: 1 866 748 4787 FreshBooks General Information Description. This is a space where subscribers can engage with each other and Globe staff. Duncan Hawthorne, Bruce Power's president and CEO, said the deal is an opportunity to revamp the partnership and put Ontario's long-term energy plan into effect. OMERS Infrastructure is a world leader in direct infrastructure investing with over a decade of investment experience. FirstEnergy Solutions faces a new round of objections to its bankruptcy plan, including the unions that helped it secure subsidies in Ohio. Bruce Power was acquired by OMERS Infrastructure on January 1, 2003. Global First Power Ltd. | 324 followers on LinkedIn. "We believe the best option for our shareholders is to sell our interest in Bruce Power and continue to reinvest in our core uranium business where we see strong potential for growth," said Tim Gitzel, Cameco's president and CEO. Comments that violate our community guidelines will not be posted. But neither Bruce Power, which operates a nuclear station near Kincardine, nor Ontario Power Generation, which owns and operates the two other nuclear stations in … Upon completion of the sale, Borealis will become the majority partner of Bruce Power with 56.1 per cent ownership. Bruce Power owns and operates the Bruce nuclear power plant in Ontario and is itself owned by a group of partners including TransCanada and Cameco. TC Energy has a 48.4 per cent ownership stake in Bruce Power and other partners include OMERS Infrastructure Management Inc. (a trust established by the Ontario Municipal Employees Retirement System), The Power Workers’ Union and The Society of Energy Professionals. While the other stakeholders include the Power Workers' Union and the Society of Energy Professionals. This is a space where subscribers can engage with each other and Globe staff. About Bruce Power Formed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario. Bruce Power was founded as a Limited Liability Partnership in 2001 between British Energy (82.4%), Cameco Corporation (15%), Power Workers' Union and The Society of Energy Professionals. Power Projections SPECIAL Edition JUNE 1984 In the beginning there was just a rocky shoreline forming a border along one side of a scrubby woodland that was home to rabbits, deer and a few snakes. 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All rights reserved. Peter Kiewit, Bob Wilson, Walter Scott Jr., Ken Stinson and Bruce Grewcock preceded him. TransCanada also owns a stake in the limited partnership. TC Energy also has more green credentials in Ontario in the form of the Bruce Power Plant. Bruce nuclear stations — OPG also owns two other nuclear generating stations in Ontario that are leased to Bruce Power L.P. All generating assets as of Sept. 30, 2020, are shown on this map . One of the key elements to Ontario's survival on that surreal day just over 13 years ago was the Bruce Power nuclear facility, which was quickly able to provide the power Ontario needed to rebuild its grid. In 2014, Cameco announced it had agreed to sell its 32% shareholding in Bruce Power to BPC Generation Infrastructure Trust (Borealis Infrastructure) for $450 million. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Ontario has recently announced plans on going ahead with the refurbishment of six more reactors at the Bruce generating station, which is the world's largest nuclear power plant. British Energy PLC, which owns an 82.4 per cent stake in Bruce Power, announced yesterday that it is seeking a bail-out from the British government. Borealis, a division of the Ontario Municipal Employee Retirement System, announced Friday it will pay $450-million to Cameco Corp. (TSX:CCO) to expand its current stake in Bruce Power by one-third. The biggest power producer in Britan, British Energy owns about 80 per cent of Bruce Power, while Saskatchewan's Cameco Corp. owns 15 per cent. More than 830 Bruce Power employees are represented by The Society. Location: Kincardine, Ontario Operator: Bruce Power Reactor Type: CANDU (CANada Deuterium Uranium) Vendor: Atomic Energy of Canada Limited Number of units: 8 reactors Installed capacity: 6,232 MW (Bruce A & B combined) Status: All units operating Licenses issued: October 1, 2018 Licenses expire: September 30, 2028 Start of commercial operation: Between 1977-1979 for Bruce A and 1984-1987 for Bruce B Refurbished units: Bruce A units 1 and 2 Special containment feature: Common vacuum buildin…

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