Skip Ribbon Commands
Skip to main content
Fair Hydro Trust

Fair Hydro Trust

RT @ontarioplovers: Here's the first look at Ontario's 2019 Piping Plovers! They have started to arrive at Wasaga Beach! Thanks to Park Sta…

Fri Apr 19 22:39:45

Good piece featuring our very own @martelli_mike https://t.co/zDNi2wpQkl

Fri Apr 19 22:34:55

RT @ORRPB: Expecting major flooding in flood-prone areas along the Ottawa River starting Easter weekend from Lake Coulonge to Montreal regi…

Thu Apr 18 21:32:54



OPG is the Financial Services Manager of the Fair Hydro Trust. The Trust is a separate financing entity under the Electricity Act, 1998 (Ontario) and as a legal matter, the assets and liabilities of the Trust do not form part of the assets and liabilities of OPG, and vice versa.


On April 24, 2018, the OPG-managed Fair Hydro Trust completed its second public debt offering of $400 million at 3.52 per cent. The Trust supports the government's Fair Hydro Plan by refinancing a portion of the Global Adjustment costs over a longer time, thereby reducing electricity bills for residential customers, farmers, and some small businesses by 25 per cent on average.

As a company that is owned by the people of Ontario, OPG is committed that the Fair Hydro Trust is managed in the most efficient and transparent way. The Fair Hydro Trust will continue to purchase assets from the IESO on an ongoing basis. Debt offerings to finance these assets will continue, up to two to three times a year as needed. OPG is committed to transparency, and will publicly report on the Fair Hydro Trust through its quarterly financial statements. Half the investors are from Ontario and the remainder are from across the country.

Quick facts on the transaction:

  • Amount: $400 million
  • Rating: DBRS AAA, Moodys Aa2
  • Term: 20 years
  • Yield: 3.52%


On Feb. 6, 2018, the OPG-managed Fair Hydro Trust completed its first public debt offering of $500 million at 3.357 per cent. The Trust supports the government's Fair Hydro Plan by refinancing a portion of the Global Adjustment costs over a longer time, thereby reducing electricity bills for residential customers, farmers, and some small businesses by 25 per cent on average.

As a company that is owned by the people of Ontario, OPG is committed that the Fair Hydro Trust is managed in the most efficient and transparent way. Going forward, the Fair Hydro Trust will continue to purchase assets from the IESO on an ongoing basis. Debt offerings to finance these assets will continue, up to two to three times a year as needed. OPG is committed to transparency, and will publicly report on the Fair Hydro Trust through its quarterly financial statements.

Quick facts on the transaction:

  • Amount: $500 million
  • Rating: DBRS AAA, Moodys Aa2
  • Term: 15.25 years
  • Yield: 3.357%