Natural Resources committee  For facilities that I talked about earlier that Cameco operates in Ontario, 80% of our output goes to light water reactors in the United States, Europe, and the Far East, and 20% of our output goes to the CANDU units, which, as you said, use natural uranium. I want to correct o

Natural Resources committee  Very briefly, I want to make the first point that, irrespective of the future of CANDU technology, Canada has an absolutely robust and wonderful nuclear industry that is competitive worldwide. That needs to be paid attention to. To come back to the issues, you create agencies an

Natural Resources committee  I would certainly echo that. I will come back to a theme that I developed earlier, that is, making sure that the regulatory framework is suited to the construction or the refurbishment--but certainly the construction--of the next generation of reactors. You do have that component

Natural Resources committee  It is a question that is often asked. I talked in my opening remarks about the nuclear industry having internalized these so-called environmental effects that people refer to as external costs. In many countries with substantial nuclear programs, like the United States and Canada

Natural Resources committee  I'm not familiar with hydro, but in the U.S., the amount of money being put into the waste fund is one mill per kilowatt hour, which is a very small part of the electricity charge, so it has almost no impact on the economics of generating electricity from nuclear energy. Likewi

Natural Resources committee  I preface my remarks by saying that I do not suggest that the standards of performance be any less than they are. Today when we make a discovery in Canada of a uranium ore body that we would like to advance and turn into a commercial project, it takes a minimum of 10 years to get

Natural Resources committee  Frankly, I was a little surprised at the figure. Looking at the 104 plants that are operating in the U.S., it's very true that they have a 40-year licensed life, but well over half of the 104 now have applied for a 20-year life extension. The utilities operating these reactors th

Natural Resources committee  Are you speaking of AECL?

Natural Resources committee  I would observe that AECL is absolutely crucial. Since we're a one-third owner of Bruce Power, it is absolutely crucial to the future of the refurbishment efforts that there be an organization with the technical capability, the know-how, and the knowledge to address what will be

Natural Resources committee  Chairman, thank you very much and good afternoon. As you've said, my name is Gerry Grandey. I'm president and CEO of Cameco Corporation. I appreciate the opportunity to speak with you today. As you may be aware, Cameco is a nuclear energy company based in my hometown of Saskat