Cameco and Bruce Power have extended a long term exclusive nuclear fuel supply arrangement for another 10 years, securing a nuclear fuel supply for Bruce Power through to 2040.
The new deal extends the exclusive fuel supply arrangements between Bruce Power and Cameco which was announced in 2017 and include provisions for Cameco to supply 100 per cent of Bruce Power’s uranium, conversion services and fuel fabrication requirements.
“Ontario’s nuclear industry continues to be a world leader in the fight against climate change, while supporting tens of thousands of jobs and injecting billions of dollars into the Canadian economy,” said Mike Rencheck, president and CEO of Bruce Power. “Cameco is an important partner and these arrangements signal long-term stability from Canadian-made energy, enabling us to continue to supply carbon-free electricity to one in three homes, businesses and hospitals in Ontario and medical isotopes used in cancer treatments around the world.”
The extension represents an estimated 2.8 billion in additional businesses between both companies from 2031 to 2040.
