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Finance

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Our Company - Ontario's clean energy provider

Ontario Power Generation produces almost half of the electricity that Ontario homes, schools, hospitals and businesses rely on each day. We are committed to ensuring our energy production is reliable, safe and environmentally sustainable for Ontarians today and for the future.

At the forefront of energy technologies, OPG phased out coal generation in 2014, which represents the single largest climate change initiative in North America. Today, the power we produce is more than 99 per cent free of greenhouse gas and smog causing emissions.

Our Core Business

At March 31, 2017, OPG’s generating portfolio had an in-service capacity of 16,205 megawatts. We own and operate:

  • 2 nuclear stations
  • 66 hydroelectric stations on 24 river systems
  • 2 biomass stations
  • 1 thermal station
  • 1 wind turbine.

OPG owns two other nuclear stations, which are leased to Bruce Power L.P. It is also co-owner but not operator of the Portlands Energy Centre in Toronto and the Brighton Beach gas-fired generating station in Windsor.

In the summer of 2015, OPG and its Shareholder, the Province of Ontario, revised the Memorandum of Agreement, regarding OPG’s roles and responsibilities as a power producer in Ontario. The Memorandum of Agreement serves as the basis of agreement between OPG and the Government of Ontario on OPG's mandate, governance, performance and communications.

Our Financial Profile

At March 31, 2017, OPG had assets of $44.7 billion, long-term debt outstanding of $5.7 billion, including amounts due within one year and equity of $10.6 billion. OPG’s net income attributable to the Shareholder in the first quarter of 2017 was $64 million.

OPG has a long-term credit rating of ‘BBB+’ from Standard & Poor’s (S&P) and ‘A (low)’ from DBRS. 

Recent News and Reports

2017 First Quarter Financial Results (PDF)

Code of Business Conduct Booklet