Senior Investment Analyst

Looking back at a productive and foundational year in 2025 for Bruce Power and its partners. 2025-12-17 With the holiday season upon Bruce Power Net Zero Inc. and the new year quickly approaching, Bruce Power is looking back on a year that was foundational in powering Ontario forward The company's operations and project work in 2025 helped to set the table for a bright future in its communities and beyond as it continues to drive the economy, power a third of Ontario's homes, businesses and hospitals, and build for the future. The work Bruce Power and its employees and partners are completing today will bring future opportunities to its communities and the province, while also supporting Canada's energy independence. Here's a look at Bruce Power's accomplishments in 2025: Bruce Power has named one of Canada's Top Employers for Young People for the 14th consecutive year as it continues to provide excellent opportunities for people to begin and flourish in a career in the nuclear industry. In a response to the growing need for qualified childcare workers in Bruce County, Bruce Power provided 23 Early Childhood Education students with scholarships. Bruce Power, its partners and skilled tradespeople kicked off the Unit 4 Major Component Replacement (MCR) outage, representing the middle of the company's MCR Project that will see Units 3-8 renewed to provide clean, reliable energy for provinces people, businesses and hospitals for decades to come, while also ensuring a dependable source of cancer-fighting medical isotopes to the world health-care community. As a leader in the production of cancer-fighting medical isotopes, Bruce Power completed the largest harvest of cobalt-60 in its history during its Unit 5 planned outage, bolstering the global health-care community's supply of this key tool in fighting disease, the sterilization of medical equipment, and food safety. It required a lot of heavy lifting, but all eight hulking steam generators were placed into Unit 3 and the MCR outage, which began in 2023, remains on track as the company and its partners look to return the renewed unit to service in 2026. Bruce Power completed its Unit 4 MCR outage defuel milestone in just 24 days, the most efficient defuel in the history of CANDU reactors. The Independent Electricity System Operator (IESO) verified Bruce Power met the terms and conditions of the company's Basis of Estimate to proceed with its Unit 5 MCR Project, scheduled to begin in 2026. Bruce Power launched its Canadian at its Core campaign, committing to continue to promote the made-in-Ontario and Canada nuclear industry and urging its partners and suppliers to buy local, and buy Canadian. Closer to home in the Clean Energy Frontier Region of Bruce, Grey and Huron Counties, Bruce Power is encouraging, suppliers, employees and the community to shop local to support the economy, as well as reconciliation through action with Indigenous communities. Bruce Power donated $150,000 to the Brightshores Health System Owen Sound Foundation toward the purchase of a new CT scanner to enhance diagnostic imaging for patients across the region. Bruce Power donated $1 million to a new youth wellness project to benefit people aged 12 to 25 in Bruce, Grey, Huron and Perth counties. The Well Community Collective (The Well) is a community-driven initiative committed to improving youth mental health and well-being. Bruce Power marked World Environment Day by releasing its 2025 Sustainability Report to highlight its unwavering commitment to being a responsible steward for people, communities, and the environment. Bruce Power and its supplier partners donated $100,000 to Brain Tumour Foundation of Canada in honour of World Brain Tumour Day. Bruce Power applauded the release of Ontario's Integrated Energy Plan: Energy for Generations, which set out a vision for the future of the province's energy system and provides clear actions to power the province and the economy. The report recognized Bruce Power's ongoing Life-Extension Program and MCR Project, with the refurbishment of Units 3-8 on schedule to be completed by 2033 to ensure 7,000 megawatts of peak output for the people of Ontario. The government report also mentioned the potential option of refurbishing Units 1 and 2 for a second time and that it would be based on an assessment of system needs by the IESO and value to the ratepayer. Hon. Stephen Lecce, Minister of Energy and Mines, announced the formation of the Nuclear Isotope Innovation Council of Ontario (NIICO) and introduced Bruce Power's James Scongack as the appointed chairperson for the newly formed ministerial advisory panel. During a break in the music at Rock With Your Docs, Bruce Power's James Scongack stepped to the mic and brought the crowd to its feet with the announcement of a $500,000 donation from the company and its supplier partners toward an MRI machine for Kincardine's hospital. Federal Minister of Energy and Natural Resources, Hon. Tim Hodgson, visited Bruce Power to announce the installation of an IPS in Unit 6, to ensure a stable supply of Made-in-Canada cancer-fighting medical isotopes for the world health-care community. The Impact Assessment Agency of Canada (IAAC), in collaboration with the Canadian Nuclear Safety Commission (CNSC), issued the formal Notice of Commencement of Impact Assessment for Bruce Power's Bruce C project. The Chippewas of Nawash Unceded First Nation, with the support of Bruce Power and Kinectrics, broke ground on the new Nawash Community Arena in Neyaashiinigmiing - a project that will bring year-round recreation, connection, and opportunity to the heart of the community. The Unit 4 MCR progressed to its removal and replacement series following a strong lead-in after the unit was taken off-line in February to begin its three-year refurbishment. Bruce Power and its supplier partners donated $100,000 to the Pediatric Oncology Group of Ontario (POGO) to support families impacted by childhood cancer. Bruce Power and its partners celebrated the three-year anniversary of becoming the first commercial power reactor to produce cancer-fighting, short-lived medical isotopes through its groundbreaking Isotope Production System (IPS). Bruce Power and its supplier partners donated $145,000 to help in the battle against addiction and suicide in the Saugeen Ojibway Nation territory. In collaboration with provincial, federal, and municipal partners, Bruce Power conducted Huron Unity, a large-scale emergency preparedness exercise, from November 18-20, successfully testing and validating emergency plans. The Saugeen Amphitheatre continues to rise from the rubble with a $500,000 donation from Kinectrics through Bruce Power's Saugeen Ojibway Nation (SON) Community Development Fund. Bruce Power and its supplier partners celebrated Giving Tuesday by donating $335,000 to local holiday initiatives across Bruce, Grey and Huron counties. Bruce Power issued an additional $950 million in Green Bonds as it continues to power Ontario forward through operations and projects that drive the economy. Since becoming the first nuclear operator in the world to issue Green Bonds in 2021, Bruce Power now has cumulatively issued $3.3 billion in Green Bonds. Bruce Power is helping to make the dream of home ownership come true with its investment of $1 million to Saugeen First Nation housing over a four-year span. About Bruce Power. Bruce Power is an electricity company based in Bruce County, Saugeen Ojibway Nation Territory, Ontario. Bruce Power Net Zero Inc. is powered by its people. Its 4,200 employees are the foundation of its accomplishments and are proud of the role they play in safely delivering clean, reliable nuclear power to families and businesses across the province and cancer-fighting medical isotopes around the world. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which Bruce Power Net Zero Inc. live. Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers' Union and The Society of United Professionals. Learn more at www.brucepower.com and follow Bruce Power Net Zero Inc. on Facebook, Twitter, LinkedIn, Instagram, and YouTube.

Cricket fundraiser event aims to raise $1.2 million toward cancer research. Having raised $1.16 million toward cancer care and research from its inaugural cricket fundraiser, the Princess Margaret Cancer Foundation (PMCF) is confident it can collect at least $1.2 million this year, with double the number of teams expected to play. Rebranded as Princess Margaret Cancer Foundation Cricket, 80 teams are set to participate in the event on May 30, 2026, at Celebration Square in Mississauga. Given the pace at which spots are filling, organizers are preparing to accommodate more teams if needed. "At this time last year, we had about eight or nine teams registered, but this year we have 42 teams," said Brendan Ennis, senior director of corporate community partnerships at PMCF. "We might have 50 or 60 teams by the end of December, so we're hoping that early in the new year, we're saying there's no more room to participate in this event. "If we have to, we can expand to the parking lot of Square One mall. We can get creative with the space we have if that support gets to that level," he added. "We owe it to the cancer centre to find a way to bring in those teams." Although each team is required to raise $6,000 toward cancer research to compete, many exceed that amount. "Last year, the Gupta Titans raised over $200,000 for one tournament, so we hope this year's event will be even bigger," PMCF raised more than $35 million to combat cancer through its six sporting fundraisers last year, which included two bike rides, two walkathons and a road hockey event. "From an event standpoint, we're the largest fundraising organization in the country, and that's important to note because cancer is the number one cause of death in the country," said Ennis - a fact confirmed by Statistics Canada. Two in five people are likely to develop cancer in their lifetime. Estimates from the Canadian Cancer Society show that about 46,700 men and 40,700 women will die from cancer in 2025. Some 131,800 men and 122,900 women are expected to be diagnosed, with prostate cancer accounting for 23 per cent of new cases in men, and breast cancer making up 26 per cent of new cases in women. Donations from the tournament will go toward three pillars of cancer research and patient care: early detection, innovative therapies and supportive care, explained Steve Merker, senior vice-president at PMCF. He used the example of pancreatic cancer to highlight the importance of early detection. "Imagine you're going in to your GP, you're having your annual checkup and they do a blood test, and they tell you that you have stage-zero pancreatic cancer - but you don't have to worry about it because we have all kinds of things we can do to make sure you're going to be safe. "Right now, pancreatic cancer is undetectable," he said. "We need to catch cancer earlier, and the liquid biopsy test we're pioneering is going to be one of the things that helps us get ahead of it." Discussing innovative therapies being researched at PMCF, Merker pointed to theranostics - a treatment in which two molecules are injected into a person's body. The first acts like a GPS tracker to locate cancer cells, while the second is a dose of radiation that attaches to the first and fights the cancer from within. PMCF has partnered with Bruce Power to procure the radioactive material used in theranostic treatment, which is currently in its experimental stage. "We hope that in seven, eight, nine years, this is going to be the standard of care," he said. "If you come in and you have a certain type of cancer, would you not choose a treatment that is far less harmful than chemotherapy, where people lose their hair and all their weight?" Guiding a patient and their family through the entire cancer journey is just as important as research, Merker added. "Can you imagine someone who's hearing the words 'you have cancer'? You get PTSD from that," he said. "I've seen it, and we need to support the patient's mind as they go through the cancer journey. "The discoveries we make are not just for the patients here in Toronto - we share them like open-source code. We share them far and wide with cancer centres across the country and around the world so that everybody can deal with this in the future."

The issuance from the Ontario pension subsidiary is the largest to date within the Canadian power and utilities sector.