CALGARY, Alberta (Reuters) - Ontario Power Generation said on Tuesday it plans to shut its 2,100 megawatt Pickering B nuclear plant in ten years, abandoning plans that could have seen the provincial electrical utility refurbish the facility.
OPG said it will spend C$300 million ($288 million) to ensure safe operation of the 27-year-old, four-reactor plant for the next decade. It then plans to decommission the site, just east of Toronto, placing the reactors in safe storage.
"Extensive safety, environmental and equipment reliability studies conducted at the station concluded the Pickering plant can continue to operate safely and reliably to meet the province's energy needs through to 2020," the utility said in a release.
OPG also said it plans to refurbish its 3,500 megawatt Darlington nuclear plant in 2016, earlier than initially anticipated.
It said it expects to file an environmental assessment, safety review and an improvement plan with regulators for the Darlington work, which will determine the scope, schedule and cost for the project.
Reporting by Scott Haggett; editing by Rob Wilson