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 December 31, 2007, OPG had 22,158 megawatts (MW) of in-service generating capacity. Our diversified generating portfolio consists of:
- 3 nuclear generating stations
- 5 fossil generating stations
- 64 hydroelectric generating stations and
- 3 wind generating stations
Our Financial Profile
As of December 31, 2007, OPG had assets of $24.8 billion, long term debt of $3.9 billion, and equity of $6.8 billion.
OPG's 2007 net income was $528 million compared to $490 million in 2006.
OPG has a long-term credit rating of BBB+ from Standards & Poor's ('S&P') and 'A(low)' from Dominion Bond Rating Service ("DBRS").
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