XM does not provide services to residents of the United States of America.

Ontario's Pickering nuclear station gets green light for continued operation



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Ontario's Pickering nuclear station gets green light for continued operation</title></head><body>

Oct 11 (Reuters) -The Pickering Nuclear Generating Station in Ontario has received approval from the Canadian Nuclear Safety Commission for the safe operation of its "B" units until December 2026.

"The data is clear, Ontario needs more power to meet growing energy demands. We have long believed that the Pickering Nuclear Generating Station is essential to Ontario's energy expansion plan," Stephen Lecce, Ontario's minister of energy and electrification, said in a statement.

This decision will facilitate the production of "reliable, affordable and clean power," as well as life-saving medical isotopes to combat cancer, Lecce added.

The Pickering Nuclear Generating Station's "B" units produced its second-highest output ever in 2023 as a six-unit station, and generates 2,000 MW of power, enough to power two million homes.

The approval comes after Ontario Power Generation concluded that Pickering could safely generate electricity through 2026 and subsequently applied to amend the station's operating license.

This move is in line with the government's announcement in January supporting OPG's plan to proceed with refurbishing the station's "B" units.



Reporting by Anmol Choubey in Bengaluru; Editing by Bill Berkrot

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.