Bruce Power
Project information
As at 31 December 2025
Description
As at 31 December 2025
Investment in Bruce Power, operator of the Ontario nuclear generating site. The six-unit Major Component Replacement (MCR) life extension program continues: Unit 6 MCR completed Q3 2023; Unit 3 MCR (commenced Q1 2023) expected complete 2026; Unit 4 MCR (commenced Q1 2025) expected complete 2028; Unit 5 MCR expected to commence Q4 2026 with return to service in early 2030; investments in the remaining two units expected through 2033, subject to discrete decisions with off-ramps for Bruce Power and the IESO. Project 2030 targets site peak output of 7,000 MW by 2033; the site began the program at 6,430 MW in 2019 and closed 2025 at approximately 6,580 MW, with Stages 1, 2 and 3a fully approved and projected to reach 6,840 MW. Contract price increases occurred in April 2022, 2024 and 2025 under IESO terms.
Processing facilities
As at 31 December 2025
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