Colleagues, Tuesday morning I had the pleasure, along with Ministers Todd Smith and Lisa Thompson, of attending a great event at the Toronto board of trade, at which Bruce Power presented its 2023 annual review and energy report. It was an excellent presentation that outlined all the terrific things the company is doing.

Let me give you a few highlights. Operations at Bruce Power are going very well. Bruce Power is the largest operating nuclear power plant in the world—amazing. To keep these great operations going, the company is actively under way with its historic life extension program, Ontario’s largest private sector clean energy infrastructure project, which will extend the life of the existing units to 2064. Under this program, unit 6, which powers more than 900,000 homes in Ontario, was returned to service last fall on budget and ahead of schedule.

Of course, there’s Bruce Power’s exciting work with medical isotopes. For cancer patients, medical isotope technologies and treatments allow for fewer hospital visits, shorter treatment durations and hospital stays, and fewer side effects. They have the potential to revolutionize cancer care—truly amazing.

To CEO Mike Rencheck and the thousands of hard-working staff at Bruce Power, thank you for all you’re doing to produce clean energy that will power Ontario now and into the future and for your exciting work to beat cancer. This is legacy work and is truly appreciated by us all.

Ontario is fortunate to have one of the cleanest electricity grids in the world, over 90% emissions-free, and there’s one reason why: Our nuclear sector provided the emissions-free electricity to phase out coal-fired generation in Ontario, one of the largest greenhouse gas reductions ever. In fact, Bruce Power provided 70% of that electricity.

Last week, Bruce Power began their second refurbishment on unit 3, which is part of the Life-Extension Program that will allow the Bruce site to continue providing clean, reliable, affordable energy through 2064, over 40 years from today.

Bruce Power supports good jobs—22,000 indirect and direct jobs—employing some of the best-paying and highest-skilled workers in Ontario. Bruce Power’s head office is in my colleague Lisa Thompson’s riding of Huron–Bruce, but the refurbishment program has meant suppliers like BWXT and Makwa-Cahill are setting up shop in my riding of Bruce–Grey–Owen Sound, greatly supporting the local economy.

In addition, Bruce Power and its partners, including the Saugeen Ojibway Nation, are commercially producing life-saving medical isotopes like lutetium-177 on a scale never seen before thanks to their innovative new isotope delivery system.

Clean energy to help reach our climate goals, good jobs that support Ontario and innovations to help advance global health care. Thank you, Bruce Power and all your workers, for the great job.