Expert and independent nuclear energy advisory services

What we do

MZConsulting specializes in advising governments and utilities on how to increase confidence and reduce risk for nuclear projects. Our focus is on managing nuclear programs and projects for success.

Oversight & due diligence

Independent project review and assessment
Due diligence on projects and project participants
Independent oversight of projects to ensure transparency and high quality project reporting

New project development

Nuclear program development including establishing institutions and infrastructure
Localization strategies and targets
Feasibility studies and economic assessments
Project structuring to manage risk and support cost effective financing

Energy strategy

Strategy development and implementation
Reviewing and assisting in an understanding of industry trends
General and targeted market analysis and evaluation of options

Nuclear industry education

Milt Caplan is on the faculty of the World Nuclear University (WNU) lecturing on Nuclear Economics, Nuclear Project Structuring and Financing and other specialty subjects in countries around the world

Our projects

We work on a broad range of projects in support of nuclear power globally

Independent Oversight of Darlington Nuclear Station Refurbishment

The four unit Darlington nuclear station is undergoing a refurbishment to extend its life for another 30 plus years of operations. This project is estimated at $12.8 Billion and is scheduled for completion in 2026. Three units have been completed and the fourth and last unit is in the reassembly phase. The project remains on time and on budget.

We are providing independent oversight of this important project for the shareholder, the government of the province of Ontario.

Study on the Economic Benefits of the Nuclear Industry for Canadians

MZConsulting performed an economic impact study of the Canadian nuclear industry to Canada.

The study, updated in 2024, found the nuclear industry supports 89,000 high quality jobs across the country and contributes $22 Billion to the Canadian GDP.

Contract development and negotiation for the refurbishment of the Bruce Nuclear Station

The Bruce nuclear station is undergoing a refurbishment to extend the life of the eight unit station to operations until the 2060s. This $13 billion project will see the remaining 6 units refurbished (2 units have already been completed). Bruce Power is a private sector nuclear operator. Unit 6 has been completed on time and on budget with Units 3 and 4 refurbishments underway.

We led the project development and contract negotiation for the Independent Electricity Operator of Ontario (IESO).

For a more complete project list, click here

Who we are

Providing expert services to the nuclear industry for over 40 years

Milton caplan

President

Terry Thompson

Senior Advisor

Milt Caplan has more than 40 years experience in the nuclear industry developing new-build nuclear projects from conception to project completion around the globe. Experience includes overall project development, strategy formulation, project structuring, economic assessment, strategic partnering, financing and contract negotiation.

He is the chair of the World Nuclear Association Economics Working Group and is on the faculty of the World Nuclear University.

Milt obtained his Bachelor of Engineering in Nuclear Engineering from Rensselaer Polytechnic Institute in Troy, New York, USA, and a MBA from the University of Toronto.

Dr. Terry Thompson is a senior engineering consultant with significant experience in nuclear Research, Project and Business Development, utility Operations and Marketing, and general management in the energy sector. He is based in New Brunswick and is well established in the Canadian market and internationally.

Dr. Thompson is a Mount Allison and DalTech graduate and completed a M.Sc. and Ph.D. in nuclear engineering at the University of London under an Athlone Fellowship. He is the author of a number of original publications on nuclear safety.

Collaboration is key to the MZConsulting approach to complex projects. We have strong relationships and work with experts that span the industry. We can assemble a high quality team to meet your project needs.

Some of our collaborators

What's New

We participated on a panel on “Building the Workforce and Supply Chain for SMRs” at the “Pioneering Small Modular Reactors in Western Canada” SMR forum, September 2025.

We moderated a panel on Efficient contracts – incentives and issues management at the NEA conference on Excellence in Nuclear Construction, June 2025

Presented in a session on “Transitioning from Technology Development to Project Delivery: How do we “go faster”?: at the USTDA Nuclear Workshop Oct 2024