INVESTOR RELATIONS

Our Company
OPG is an Ontario-based electricity generation company whose principal business is the generation and sale of electricity in Ontario. OPG was established under the Business Corporations Act (Ontario) in 1999 and is wholly owned by the Province of Ontario.

OPG's mandate is to cost effectively produce electricity from its diversified portfolio of generating assets, while operating in a safe, open and environmentally responsible manner.

In 2005, OPG and its sole shareholder reached agreement on this mandate which is detailed in a Memorandum of Agreement. The Memorandum of Agreement (MOA) serves as the basis of agreement between OPG and the Government of Ontario on OPG's mandate, governance, performance and communications.

Our Core Business
OPG owns one of the largest, low-cost and low emission portfolios of generating assets in North America. As of September 30, 2011, OPG had
19,791 megawatts (MW) of in-service generating capacity. Our diversified generating portfolio consists of:

• 3 nuclear generating stations
• 5 thermal generating stations
• 65 hydroelectric generating stations, and
• 2 wind power turbines

Our Financial Profile
As of September 30, 2011, OPG had assets of $30.5 billion, long term debt of $4.7 billion, and equity of $8.2 billion.

OPG's net loss in the third quarter of 2011 was $96 million compared to net income of $333 million in the third quarter of 2010. Net income for the nine months ended September 30, 2011 was $169 million compared to $447 million for the same period in 2010.

OPG has a long-term credit rating of 'A-' from Standards & Poor's (S&P) and 'A (low)' from Dominion Bond Rating Service (DBRS).

• OPG Reports 2011 Q3 Results
• OPG wins 2011 AFP Pinnacle Award Grand Prize

• 2011 Q3 Results
• 2011 Q3 Fact Sheet

• Federated Press Finance Transformation Conference – Transforming OPG’s Finance Function
• Joint Canadian Electricity Association Generation Council & Corporate Partners Committee Workshop – Lower Mattagami Innovative Project Financing