Major shakeup
The federal government announced Thursday a major shakeup of Atomic Energy of Canada Ltd.
Ottawa plans to sell AECL’s nuclear reactor business to the private sector, in a bid to boost worldwide sales of its CANDU reactors.
The government wants to have the Crown corporation’s nuclear reactor operations run by people in the business community, instead of bureaucrats.
Under the restructuring, the agency will be split into two companies: separating the CANDU operations and the troubled National Research Universal reactor at Chalk River, Ont.
The government will also bring in a private sector partner to manage the aging and problem-plagued Chalk River facility, which was shut down May 15 for the third time in less than two years.
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Updates:
1:07 pm EDT — Plan to sell stake in AECL sees tough criticism
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