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> Unfortunately the nuclear power plant operator losses money even faster than they are right now. Note that Ontario Power Generation, who owns all the nuclear
by SECProto 3y ago
> Unfortunately the nuclear power plant operator losses money even faster than they are right now.
Note that Ontario Power Generation, who owns all the nuclear plants in Ontario, has a positive net income of roughly 20% of gross, and is building Canada's first new nuclear plant in a couple decades. Your generalization is incorrect.
https://en.wikipedia.org/wiki/Ontario_Power_Generation https://en.wikipedia.org/wiki/Ontario_Power_Generation
- Retric 3y agoSure they own nuclear but they also own a great deal of hydroelectric. Their finances are very healthy because they essentially got 50 billion in assets from privatization of public assets including a great deal of very low maintenance hydroelectric generation and significant nuclear again without any upfront cost. Things don’t look nearly as rosy when you consider they’re generating $1.20 billion in net profits off of 60 billion in assets - 10 billion in debt. Essentially without that massive initial subsidy they would be losing money hand over fist.
- SECProto 3y agoYes, debt financing is awful, and something that has guaranteed long term revenue but large up front capital costs is something that should be publicly owned (i.e. a crown corporation like OPG), not financed by private debt.