TransCanada said that the impact of this delay is mitigated by the previously announced extension of the operating lives of Unit 3 to 2011 and Unit 4 to 2016, with further life extensions expected as additional reactor optimization activities proceed.
The company believes that the work on Units 1 and 2 is now about 75% complete, with the bulk of the highly technical, high risk work now finished. It said that although a significant amount of work remains to be done, most of this work is conventional power plant construction activity.
TransCanada continues to work closely with Bruce Power to address productivity and overall project management and notes that there have been recent, significant successes in this area.
As of September 30, 2009, Bruce A had incurred about $3.1 billion in costs for the refurbishment and restart of Units 1 and 2.
