The National Council for Public-Private Partnerships (NCPPP) and the Performance Based Building Coalition (PBBC) are hosting the second annual P3s for Public Buildings Summit — the nation's only educational event dedicated to developing and implementing P3s for buildings that are vital to the everyday functioning of states and municipalities.
TIVERTON, ON - A report released today concludes that Bruce Power's unique structure has helped Ontario achieve a number of key goals including keeping electricity prices low for families and businesses, helping ensure Ontarians have clean air to breathe while injecting more than $10 billion of private investment into public assets without impacting the province's balance sheet in the process.
"When this structure was unveiled 15 years ago, critics warned safety would suffer, jobs would be cut and environmental issues would be ignored. History has proven those critics wrong," said Duncan Hawthorne, Bruce Power President and CEO. "We have an industry-leading safety record, strong operational performance and have hired more than 3,100 people, while our multi-billion dollar investment to renew Ontario's nuclear fleet has helped the province phase-out coal in the process."
The unique Bruce Power Public-Private Partnership was recognized by The Canadian Council for Public-Private Partnerships (CCPPP) in 2001 as the winner of its Gold Award for Infrastructure in the National Awards for Innovation and Excellence in Public-Private Partnerships.
Duncan Hawthorne, President and CEO, discussed Bruce Power's journey as one of Canada's largest P3s, securing private investment in public assets, generating low-cost and reliable electricity for families and businesses while allowing Ontario to phase out coal. He also shared the lessons learned for other large-scale energy P3s and the opportunities for refurbishing Canada's aging energy infrastructure.