Energy Alberta Corporation

The company was founded by Hank Swartout, CEO of Precision Drilling Corporation, and Wayne Henuset, co-owner of Willow Park Wines and Spirits in Calgary, Alberta.

The company intended to build a nuclear plant on the shore of Lac Cardinal, 30 kilometres (19 mi) from Peace River, Alberta.

Using nuclear power instead of burning gas would prevent the emission of large quantities of carbon dioxide.

[5] However, nuclear reactors have a lifetime of 50 years or more and cannot be moved so there is a problem supplying the heat where it is needed as nearby deposits are depleted.

A Pembina Institute opinion argues that renewable sources of energy be used instead and mentions many problems associated with nuclear power including risk of devastating accident, radioactive waste, leaks, heat pollution, cost overruns and unreliable performance.