Ontario Power Generation

Stakeholder Consultation

OEB Application for Payment Amounts for Regulated Facilities

In February 2005, the Ontario government announced a framework for regulating and pricing the output of OPG’s nuclear and base load hydroelectric generating facilities. As of April 1, 2008, the Ontario Energy Board (OEB) will have the authority to determine payment amounts for the output from OPG’s regulated facilities.

OPG is preparing an application to the OEB for the payment amounts for its regulated facilities. OPG is planning to file its application in November 2007. In advance of this filing, OPG held two stakeholder sessions on Friday November 2 and Thursday November 8, 2007. The sessions were held at the Metropolitan Hotel in Toronto. Copies of the presentations are provided below.

The goal of the consultations was to share information about OPG’s regulated facilities and to discuss issues related to the application for new payment amounts. The main objectives of the consultation were to:

• Inform stakeholders about OPG’s regulated facilities and its application for new payment amounts.
• Provide stakeholders with an opportunity to identify concerns regarding OPG’s draft application.
• Assist OPG in identifying possible ways to respond throughout the process to the issues raised.

Presentations – Session 1 - November 2, 2007

• Agenda
• Application Overview
• Hydroelectric Business Overview
• Nuclear Business Overview
• Regulated Hydroelectric Energy Production Forecast
• Regulated Hydroelectric OM&A
• Nuclear Base OM&A Fuel and Projects
• Nuclear Production Forecast

Presentations – Session 2 - November 8, 2007

• Agenda
• Compensation and Benefits
• Corporate Support Functions, Centrally Held Costs, Depreciation and Taxes
• Rate Base and Cost of Capital
• Design of Payment Amounts: Hydroelectric
• Design of Nuclear Payment Amounts
• Determination of Payment Amounts
• Deferral and Variance Amount

• Stakeholder Sessions - Participants
• Session 1 and 2 Meeting Notes
• Follow-up Q & A's

If you have any questions about the stakeholder sessions, please contact Debbie Curley at debbie.curley@opg.com.