AECL to get almost $1.6B

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Another year, another record level of funding for Atomic Energy of Canada Ltd.

AECL will receive almost $1.6 billion in funding next year, to support both decommissioning and development at the Chalk River Laboratories, according to the federal government’s main spending estimates, published last week.

Total funding for AECL will be $1.591 billion for the fiscal year 2024-25, which begins April 1.

The funding is broken down into two components: $1.196 billion for “nuclear decommissioning and radioactive waste management” and $394.8 million for “nuclear laboratories.”

The money allocated to the laboratories includes $235.8 million in operating funding and $159 million for capital projects.

This is the ninth year in a row that funding for AECL, CNL and Chalk River has remained at unprecedented levels.

Federal funding for AECL was approved at $1.541 billion this year, up from $1.326 billion in 2022-23.

Meanwhile, funding beyond this year seems less certain.

The company’s latest five-year corporate plan notes that current rates of funding are only approved until the end of the current GoCo (government owned, contractor operated) contract for CNL in September 2025…

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