AECL to get $260M in “interim” funding

by Terry Myers

Atomic Energy of Canada Ltd and Canadian Nuclear Laboratories will receive more than $260 million in “interim” funding and could see more than $1.04 billion in federal support in the 2018-19 fiscal year beginning April 1.

The numbers are contained in the government’s “interim estimates” for the coming year, tabled earlier this month.

In the past, the federal government has always tabled its main spending estimates before the end of February, with “supplementary” estimates delivered through the year following the federal budget.

This year, however, the government has changed it schedule.

“Interim” spending estimates were tabled this month to cover the first three months of 2018-19.

The deadline for the full main estimates has been pushed back to April 16, “increasing the likelihood that the budget will precede rather than follow” the spending plan.

According to the interim estimates, AECL will receive $260,884,910 in funding for the months of April, May and June this year.

The estimates also note that Parliament’s vote on the spending plan will provide “authority to enter into commitments not exceeding $1,043,539,640 in the fiscal year.”

Most of that money will flow through to CNL for the operation of the Chalk River Laboratories through the government’s GoCo (government-owned, contractor-operated) management agreement.

The bottom line, no matter which way you slice it, is unprecedented levels of funding for AECL, CNL and Chalk River.

for more on this story, pick up a copy of the February 21 NRT…