Skip Ribbon Commands
Skip to main content
Finance

Finance

As far as engineers go, arguably none were more significant to Ontario’s electricity system than Dr. Otto Holden:… https://t.co/ggK3FEf6bt

Tue Feb 21 20:41:16

Learn about our unique partnership w/ @NYPAenergy, generating >2,000 MW of clean power on the St. Lawrence River:… https://t.co/dmGtDT7MWS

Tue Feb 21 19:56:24

RT @townofajax: Create your own oasis at home with @leaf trees, shrubs, and garden kits @opg https://t.co/JJDruOYnm9 https://t.co/SEt7jefRoa

Tue Feb 21 19:25:48

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 Sept. 30, 2016, OPG’s generating portfolio had an in-service capacity of 17,055 megawatts. We own and operate:

  • 2 nuclear stations
  • 65 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 Sept. 30, 2016, OPG had assets of $45.5 billion, long-term debt outstanding of $5.5 billion, including amounts due within one year and equity of $10.5 billion. OPG’s net income attributable to the Shareholder in the third quarter of 2016 was $194 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

2016 Third Quarter Results (PDF)

Code of Business Conduct Booklet