Nuclear generator British Energy of the UK has signed an agreement with Ontario Power Generation of Canada that will see the 3 GWe Bruce Power plant leased to a subsidiary of the UK firm, Bruce Power Partnership. The lease will run until 2018 with an option to extend for a further 25 years. Under the lease agreement Bruce Power Generation will pay C$625 million ($420.8 million) to Ontario Power Generation, which includes an initial lease payment of C$540 million ($363 million) and fuel stock and other assets for C$85 million ($57 million). Subsequently, an annual rent payment will be made.
