Ontario Power Generation produces almost half of the electricity that Ontario homes, schools, hospitals and businesses rely on each day. We are committed to ensuring our energy production is reliable, safe and environmentally sustainable for Ontarians today and for the future.
At the forefront of energy technologies, OPG phased out coal generation in 2014, which represents the single largest climate change initiative in North America. Today, the power we produce is more than 99 per cent free of greenhouse gas and smog causing emissions.
Our Core Business
At Dec. 31, 2018, OPG’s generating portfolio had an in-service capacity of 16,295 megawatts. We own and operate:
- 2 nuclear stations
- 66 hydroelectric stations on 24 river systems
- 1 biomass station
- 1 thermal station
- 1 wind turbine
OPG owns two other nuclear stations, which are leased to Bruce Power L.P. It is also a co-owner but not an operator of the Portlands Energy Centre in Toronto and the Brighton Beach gas-fired generating station in Windsor.
On Nov. 27, 2018, OPG acquired Eagle Creek Renewable Energy, LLC (Eagle Creek), an owner and operator of hydroelectric facilities in the United States (US). Upon the acquisition of Eagle Creek, OPG owns and operates 63 hydroelectric generating stations and has minority shareholdings in 13 hydroelectric generating stations and two solar facilities in 13 states across the US.
In the summer of 2015, OPG and its Shareholder, the Province of Ontario, revised the Memorandum of Agreement, regarding OPG’s roles and responsibilities as a power producer in Ontario. The Memorandum of Agreement serves as the basis of agreement between OPG and the Government of Ontario on OPG's mandate, governance, performance and communications.
Our Financial Profile
At Dec. 31, 2018, OPG had assets of $52.3 billion, long-term debt outstanding of $7.6 billion, including amounts due within one year, and equity attributable to the Shareholder of $13.0 billion. OPG’s net income attributable to the Shareholder in 2018 was $1.195 billion.
OPG has a long-term credit rating of ‘BBB+’ from Standard & Poor’s (S&P) and ‘A (low)’ from DBRS.
Recent News and Reports
2018 Financial Results (PDF)