1. Canada’s Nuclear Future So What’s Going On Up there Anyway eh?? WNFC 2008 Miami Milton Caplan President, MZConsulting Inc.

2. 2 Canada

3. 3 Why Canadians Winter in Florida

4. 4 Setting the Scene

5. 5 Hydro Provinces

6. 6 Fossil Provinces

7. 7 Nuclear Provinces 14,000 MW 20 Units 630 MW 1Unit 630 MW 1Unit

8. 8 Canada Nuclear Structure Canada has a long history of nuclear power 1945 test reactor ZEEP at Chalk River achieved first self-sustained nuclear reaction outside the US Nuclear is a federal responsibility AECL is federally owned Electricity is the responsibility of the provinces

9. 9 The Players Nuclear Utilities –Ontario Power Generation –Bruce Power –Hydro Quebec –New Brunswick Power Atomic Energy of Canada Limited –Technology holder/Vendor –National Laboratory Universities (UNENE) CNSC Industry (OCI)

10. 10 The Markets Ontario Quebec New Brunswick Alberta

11. 11 Ontario

12. 12 Ontario Ontario electricity system was in crisis Nuclear fleet was nearing its end of life The coal fleet was to be closed by government policy Transmission was insufficient to support generation renewal Government acted

13. 13 Ontario Last summer submitted its 20 year plan (IPSP) for approval –Reduce demand through conservation –Replace coal with renewables and gas –Renew nuclear through refurbishment or new build –Implement transmission improvements to support generation and system reliability

14. 14 Ontario Refurbishment of Bruce 1&2 underway Refurbishment of Bruce 3&4 committed Review of Refurbishment of Pickering B New build process announced –Tendering process underway to select technology –RFP issued for 2000 to 3500 MW –Utility to be selected –Decision expected by year end

15. 15 Quebec One nuclear station Gentilly 2 About 3% of electricity generation Nearing end of life Important to grid stability Refurbishment decision expected by this summer

16. 16 New Brunswick One nuclear station Point Lepreau About 25% of electricity generation Reached end of life Shut down end of March for refurbishment New build under consideration –Feasibility study under review for ACR-1000 –To be implemented on a private sector commercial basis –Decision expected later this year New Brunswick

17. 17 Alberta Primarily coal fired generation Large growth due to oil sands development Need for large amounts of gas to support oil extraction Application for new nuclear has been submitted to the regulator –Project conceived by Energy Alberta –Bruce Power has recently purchased Energy Alberta –Project to be for 2000 to 4000 MW –To be competitively bid

18. 18 Saskatchewan 1929 Eldorado Mining began prospecting 1953 Uranium City- first uranium mine in Saskatchewan Canada is the largest producer of uranium from its mines in Saskatchewan Produced 9327 TU in 2007 Progress on Cigar Lake Government now interested in investigating more involvement in the nuclear fuel cycle

19. 19 AECL Crown Corporation (owned by Federal Government) Established in 1952 Research and Development at Chalk River Designer of the CANDU technology Developing the ACR-1000 Working with Team CANDU for new projects Government review of AECL underway with the potential for partial or total privatization

20. 20 Looking Forward Refurbishments continuing in Ontario and New Brunswick New Build –Ontario to decide on technology and owner –New Brunswick to determine new unit feasibility –Alberta considering new build

21. 21 Canada’s Nuclear Future Canada has a big nuclear future as nuclear power continues to play an important role in the energy mix But What’s next – big questions remain –Technology – will Canada build a LWR? –Who will build in Ontario? –What is the future of AECL?

22. Stay Tuned 2008 is expected to be a big decision year! And THANK YOU for inviting me to Miami!!