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.
In section Market Quotes
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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