Ontario Power Generation

OPG News Release, August 31, 2006

August 31, 2006
ONTARIO POWER GENERATION AND LONG LAKE #58 FIRST NATION SIGN FINAL SETTLEMENT AGREEMENT

[Longlac, ON]: The Long Lake #58 First Nation and Ontario Power Generation (OPG) are pleased to announce the signing of a Settlement Agreement that resolves past grievances. The settlement is an important step forward in exploring the potential for an ongoing relationship between the Long Lake #58 First Nation and Ontario Power Generation that could lead to a commercial relationship for pursuing the development of clean, renewable hydro power.

"We are pleased to have reached a settlement with OPG," said Long Lake #58 First Nation Chief Veronica Waboose. "And we look forward to building, together, a new trusting relationship based on mutual respect."

OPG's John Murphy, Executive Vice President - Hydro said: "This settlement comes as a result of a lot of hard work, cooperation and dedication by all involved. It recognizes the past and allows both parties to move forward together. OPG looks forward to discussions that may lead to a future business relationship with Long Lake #58 First Nation that will benefit both parties.

Ontario Power Generation is an Ontario-based electricity generation company whose principal business is the generation and sale of electricity in Ontario. OPG's focus is on the efficient production and sale of electricity from our generation assets, while operating in a safe, open and environmentally responsible manner.

For more information contact:
Ontario Power Generation Media Relations
(416) 592-4008 or 1-877-592-4008

Long Lake # 58 First Nation
(807) 876-2292
P.O. Box 609, Longlac, ON, P0T 2A0