Trust Funds
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. In accordance with the legislation, Ontario Power Generation, Hydro-Québec, NB Power Nuclear Corporation and AECL established trust funds in 2002 and began making annual contributions to those funds as prescribed by the NFWA.
In April 2009, the Honourable Lisa Raitt, Minister of Natural Resources, approved a funding formula which was proposed by the NWMO, as required by the NFWA, in its first Annual Report (2007)following the government’s selection of a management approach. The Minister’s letter approving the funding formula is posted here:
The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
Trust Funds - Audited Financial Statements 2012
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
The fiscal year end for Ontario Power Generation, Hydro-Québec and AECL is December 31. The NB Power Nuclear Corporation fiscal year end is March 31. The 2012 audited financial statement for each company's Nuclear Fuel Waste Act trust fund will be posted here within three months of the end of each fiscal year.
Trust Funds - Audited Financial Statements 2011
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
The fiscal year end for Ontario Power Generation, Hydro-Québec and AECL is December 31. The NB Power Nuclear Corporation fiscal year end is March 31. The 2011 audited financial statement for each company's Nuclear Fuel Waste Act trust fund will be posted here within three months of the end of each fiscal year.
Trust Funds - Audited Financial Statements 2010
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
The fiscal year end for Ontario Power Generation, Hydro-Québec and AECL is December 31. The NB Power Nuclear Corporation fiscal year end is March 31. The 2010 audited financial statement for each company's Nuclear Fuel Waste Act trust fund will be posted here within three months of the end of each fiscal year.
Trust Funds - Audited Financial Statements 2009
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
The fiscal year end for Ontario Power Generation, Hydro-Québec and AECL is December 31. The NB Power Nuclear Corporation fiscal year end is March 31. The 2009 audited financial statement for each company's Nuclear Fuel Waste Act trust fund will be posted here within three months of the end of each fiscal year.
Trust Funds - Audited Financial Statements 2008
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
The fiscal year end for Ontario Power Generation, Hydro-Québec and AECL is December 31. The NB Power Nuclear Corporation fiscal year end is March 31. The 2008 audited financial statement for each company's Nuclear Fuel Waste Act trust fund will be posted here within three months of the end of each fiscal year.
Trust Funds - Audited Financial Statements 2007
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
The fiscal year end for Ontario Power Generation, Hydro-Québec and AECL is December 31. The NB Power Nuclear Corporation fiscal year end is March 31. The 2007 audited financial statement for each company's Nuclear Fuel Waste Act trust fund will be posted here within three months of the end of each fiscal year.
Trust Funds - Audited Financial Statements 2006
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
The fiscal year end for Ontario Power Generation, Hydro-Québec and AECL is December 31. The NB Power Nuclear Corporation fiscal year end is March 31. The 2006 audited financial statement for each company's Nuclear Fuel Waste Act trust fund will be posted here within three months of the end of each fiscal year.
Trust Funds - Audited Financial Statements 2005
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
For 2005, consistent with the legislation, the four corporations made further contributions to their respective trust funds in the following amounts:
Ontario Power Generation
|
$ 100,000,000
|
Hydro-Québec
|
$ 4,000,000
|
NBPower
|
$ 4,000,000
|
Atomic Energy of Canada Ltd.
|
$ 2,000,000
|
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
Trust Funds - Audited Financial Statements 2004
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
For 2004, consistent with the legislation, the four corporations made further contributions to their respective trust funds in the following amounts:
Ontario Power Generation
|
$ 100,000,000
|
Hydro-Québec
|
$ 4,000,000
|
NBPower
|
$ 4,000,000
|
Atomic Energy of Canada Ltd.
|
$ 2,000,000
|
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually.
Trust Funds - Audited Financial Statements 2003
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
For 2003, consistent with the legislation, the four corporations made further contributions to their respective trust funds in the following amounts:
Ontario Power Generation
|
$ 100,000,000
|
Hydro-Québec
|
$ 4,000,000
|
NBPower
|
$ 4,000,000
|
Atomic Energy of Canada Ltd.
|
$ 2,000,000
|
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions annually. These statements are provided here for your review.
Trust Funds - Audited Financial Statements 2002
The Nuclear Fuel Waste Act requires nuclear fuel waste producers to establish trust funds to finance the long term management of nuclear fuel waste. These funds will accumulate and may only be used for the purpose of implementing the management approach selected by the Government of Canada, once a construction or operating licence has been issued under the Nuclear Safety and Control Act.
For 2002, the companies listed below were required to establish trust funds with initial deposits in the following amounts:
Ontario Power Generation
|
$ 500,000,000
|
Hydro-Québec
|
$ 20,000,000
|
NBPower
|
$ 20,000,000
|
Atomic Energy of Canada Ltd.
|
$ 10,000,000
|
These legislative obligations are the responsibilities of the individual companies named, and not the NWMO. The audited financial statements for these accounts are provided here for your review.
|
