The reactor, developed by GE Vernova and Hitachi, is expected to exceed its original cost target, according to Ontario Power Generation, the state-run power company. The project is also unlikely to be ready to operate by its previous target of October 2030.
Utilities Gain as AI Boom Concerns Drive Defensive Rotation
Power-producer shares rose as traders moved toward defensive stocks amid concerns about the outlook for the artificial-intelligence boom. The gains came as Ontario Power Generation warned that a small-reactor project in Ontario faces higher costs and a likely delay.
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