Thank you, Mr. Chair.
Thanks to all of you for being here this morning.
I want to start with Mr. O'Dea and talk about one of the main concerns people have, as has been mentioned here, which is the big upfront cost. You've mentioned that these plants are built to last 60 years, yet we're already seeing Pickering undergoing a fairly large refurbishment, and I think it's only 45 years old.
Mr. Barlow brought up the relative costs of the energy. I assume those costs are calculated and amortized over some period. I wanted to know what that period was. Also in terms of nuclear at 5¢, you show solar at 50¢, whereas in the world market, all the new data I have on solar is that it's around 5¢ as well. I'm wondering about those costs and how long those costs are amortized for.
Also, how can the public be assured about these costs that you talk about? There was talk of $25 billion for all 10 plants in Ontario. The province announced $13 billion for Darlington earlier this year, and the Financial Post is suggesting that the actual costs of that refurbishment might be as high as $22 billion. That's 3% of the province's GDP, so I think the public has good reason to be wary of those big upfront costs and how long these plants will be in operation and not require major fixing.
Could you comment on all of that?