The Nuclear Fuel Waste Act (NFWA) requires Canada's nuclear electricity producers to establish trust funds to finance the long-term management of used nuclear fuel. 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. Each year, the NWMO makes public the audited financial statements of the trust funds when they are provided by the financial institutions.
The fiscal year-end for Ontario Power Generation, Hydro-Québec and Atomic Energy of Canada Limited is December 31. The fiscal year-end for NB Power Nuclear Corporation is March 31.
At the end of 2020, trust fund balances were at $5.4 billion. See our Annual Report for the latest numbers, projections and financial reports.