Ontario drops plans for 2 new nuclear reactors

[bananas]

Source: CBC

Citing ballooning costs and its responsibility to the taxpayers of the province, the Ontario government says it is indefinitely mothballing plans to build two new nuclear reactors at the Darlington power station.

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Smitherman said the price was too high, though he refused to say by how much.

"I will answer your question this way — substantially. Certainly by a measure of many billions . We'll know the right price when we see it — and we ain't seen it yet."

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The nuclear reactor decision will have no effect on Ontario's plans to get rid of coal-fired plants by 2014, nor will it change the energy mix in the province or the reliability of electricity, Smitherman said.

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Read more: http://www.cbc.ca/canada/toronto/story/2009/06/29/onatario-nuclear.html