Nuclear power plant owner asks to be freed from liability

TransCanada Corp. (NYSE: TRP) has been advised that Bruce Power has submitted a request for a force majeure claim to the Ontario Power Authority as a result of an external event that delayed the synchronization of the Bruce A nuclear Unit 2 to the Ontario power grid.

A force majeure frees a company from liability if an unavoidable or natural catastrophe leaves them unable to fulfill their contractural obligations.

An incident happened May 18 in the generator system at Unit 2 that caused some damage and delayed the in-service date of the reactor. Workers continue to assess the damage to Unit 2, and have the materials needed to complete the repairs, TransCanada said in a statement. There is no word on when the unit will be ready to restart.

TransCanada’s share of the total net capital cost of the refurbishment is C$2.4 billion ($2.32 billion). Refurbishment of Unit 1 is ongoing and that unit is expected to begin commercial operations in mid-3Q 2012. Once completed, the plant is expected to generate 6,200 MW.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...