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Finance committee The number depends on how you keep score, to be honest. There are eight reactors at Bruce, of which six are operating at this point in time.
May 11th, 2010Committee meeting
Hugh MacDiarmid
Finance committee They're all CANDU reactors. There is a CANDU reactor at Point Lepreau in New Brunswick, which is currently under refurbishment. There's a CANDU reactor at Gentilly-2 in Quebec, which is operating today but will be refurbished within a year. There are four at Darlington. There w
May 11th, 2010Committee meeting
Hugh MacDiarmid
Finance committee We indeed believe there is a market for both of the basic designs that we have designed. For the CANDU 6, the smaller unit is in fact uniquely positioned in terms of having a size range and a natural uranium fuel cycle that makes it suitable for mid-market countries and smaller
May 11th, 2010Committee meeting
Hugh MacDiarmid
Finance committee I certainly believe it is possible that will happen. Yes, I think it can happen.
May 11th, 2010Committee meeting
Hugh MacDiarmid
Finance committee I think the most important response is that the Government of Canada has made it very clear that the ability to support the CANDU fleet on a sustained basis is one of the primary objectives in the restructuring. So it is being made very clear to all concerned that the ongoing sup
May 11th, 2010Committee meeting
Hugh MacDiarmid
Finance committee We did commission a study by the Conference Board to look at the economic and job creation impact of different scenarios of the future of CANDU technology, in terms of our ability to generate both domestic and international business opportunities, and I would say that the future
May 11th, 2010Committee meeting
Hugh MacDiarmid
Finance committee The first thing I would say is that clearly the goals of the Government of Canada are to strengthen us, to make us more successful internationally, and to ensure that we do sustain the CANDU brand and sustain AECL's competitive position. So my belief is that all of the actions t
May 11th, 2010Committee meeting
Hugh MacDiarmid
Finance committee Thank you, Mr. Chairman. I appreciate the opportunity to be here today. First of all, let me provide the committee with an update on our most urgent priority at AECL, namely the repair and return to service of the NRU reactor at AECL's Chalk River Laboratories. Intense repair
May 11th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee Thank you, Mr. Chair. I appreciate the question, because there's as much art as science in the predictions. Indeed, it's a balance between the prudence and safety of having a prediction that you know you'll be able to meet and the desire to convey a sense of urgency and to convey
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee We have been actively involved, working with the investment advisers who have been retained and with officials from the government. The intention, broadly speaking, is that the commercial operations of AECL, which is by and large centred on the Sheridan Park campus in western Mis
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee Yes. The budget cycle and the operating cycle don't always match. Indeed, we are dealing with a situation where we have an unexpected or unplanned repair requirement in this upcoming fiscal year. Our current assessment through the end of July is that our monthly impact on cash, w
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee That's correct.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee About a year ago, in May.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee They were minimums, which reflected a very real uncertainty that has now been borne out. Clearly we're dealing with a very uncertain situation.
March 30th, 2010Committee meeting
Hugh MacDiarmid
Natural Resources committee We can only do our best and we can only assure you that we have consulted available expert advice and independent counsel in formulating our external guidance. We also have a commitment to transparency, which inevitably forces us into a situation where we have to deal with the fa
March 30th, 2010Committee meeting
Hugh MacDiarmid