Energy Alberta Corporation was created in 2005 to provide nuclear power to the energy-intensive development of the oil sands resources in northern Alberta. 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. In 2007 Energy Alberta was acquired by Bruce Power of Ontario. Bruce decided to relocate the site to Whitemud.