Tuesday, 19 January 2016

Darlington Nuclear Station -- missing out on the global renewable energy revolution

The Liberals are betting $13 billion of your dollars on this rebuild -- more, with the inevitable cost overruns. It is so risky that no private company will fully insure nuclear plants, and it prompted Standard & Poor's to downgrade Ontario Power Generation's credit rating in 2012.

TEXT - S&P revises Ontario Power Generation outlook to negative

Overview
     -- We are revising our outlook on Ontario Power Generation Inc. (OPG) to negative from stable. 
     -- At the same time, we are affirming our ratings, including our 
'A-' long-term corporate credit rating, on the company.
     -- The outlook revision reflects the revision of our stand-alone 
credit profile on OPG to 'bbb-' from 'bbb'.
     -- The ratings reflect our opinion of the company's strong business 
risk profile and significant financial risk profile.

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