Bruce Power Life Extension Agreement Conference Call December 3, 2015
Conference Call Participants Russ Girling, President and Chief Executive Officer Bill Taylor, EVP and President, Energy Don Marchand, EVP, Corporate Development and CFO 2
Bruce Power Worlds largest operating nuclear facility 6,300 MW facility capable of generating 30% of Ontarios power needs Bruce A Units 1 4 (3,000 MW) Bruce B Units 5 8 (3,300 MW) Power sold under long term contract with the…
TransCanada Ownership Interest Exercised option to acquire an additional interest in Bruce B from the Ontario Employee Retirement System (OMERS) for 236 million Effective December 3, 2015, Bruce A & B partnerships are consolidated…
Life Extension Highlights Amended agreement with the Ontario IESO effective January 1, 2016 through December 31, 2064 Secures the future of Bruce Power Near term investment in Asset Management (AM) life extension activities for…
Power Price Uniform price for all site generation effective January 1, 2016 Includes return of/on capital for historic investments and the first 6 years of AM capital Adjusted for inflation and other cost factors each April 1…
Power Price Adjustments for Capital Investments Initial power price includes 600 million* related to AM capital Reflects first 6 years of estimated 2.5 billion* AM total program Every 3 years power price is adjusted for 3 more…
Long Term Investment Program 2020 to 2033 Major Component Replacement (MCR) MCR Project Diagram Cost and duration estimates finalized and fixed 15 months prior to outage First MCR outage January, 2020 Scheduled in a manner to…
Capital Program Approach Scope based on operating units 3 years to prepare final cost estimates for the first MCR Spending spread over time through the split of scope between AM and MCR Experienced senior project management…
Key Messages Program significantly extends life of the Bruce facility Attractive ongoing investment opportunity Better matching of revenues and costs Cost and related revenue determined at the time of the investment Significant…
Question and Answer Period Russ Girling, President and Chief Executive Officer Bill Taylor, EVP and President, Energy Don Marchand, EVP, Corporate Development and CFO 12
Bruce Power Life Extension Agreement Conference Call December 3, 2015