Nuclear power is the largest non-hydro power source of low-carbon, clean energy worldwide and supplies approximately 14 per cent of the world’s electricity. Currently, there are more than 400 nuclear reactors operating or undergoing refurbishment worldwide. In Canada, nuclear power fulfils about 15 per cent of the electricity demand. In order to meet future electricity needs, provincial governments and power companies have extended the operating life of a number of reactors by refurbishing them. There are also proposals to build several nuclear reactors to become operational in the next decade.
With one of Canada’s leading power groups, Blakes is a firm of choice when issues arise in the power industry. Owners, operators and financiers of nuclear power facilities frequently retain our Power group to advise on the development and refurbishing of power facilities and systems, regulatory compliance, environmental law and a variety of other matters impacting nuclear power producers and customers.
Clients come to Blakes for the full range of advice relating to nuclear power facilities, including construction, operations, management, transmission and distribution, power procurement matters, and analysis of various off-take/cost-recovery solutions. They also rely on our Power group’s extensive experience advising the nuclear power sector with respect to commercial contracts and transactions, including supply, purchase and sale agreements, and rate design and negotiations.
Members of the Power group have been at the forefront of the nuclear sector and bring this recognized experience to our clients. Infrastructure Ontario retained us to advise on its two-phase competitive request for proposal (RFP) process to select a nuclear reactor vendor for the construction of a two-unit nuclear power plant in Ontario, one of the largest government procurement processes undertaken in Canadian history. This representation uniquely qualifies us to guide nuclear power providers in responding to RFPs.
Beyond providing advice, Blakes lawyers regularly advocate for public and private power industry clients on government policy and regulatory matters.