Ontario’s clean energy provider
Ontario Power Generation produces almost half of the electricity that Ontario homes, schools, hospitals and businesses rely on each day, at a cost that is on average 40% less than other generators.
OPG was established under the Business Corporations Act (Ontario) and is wholly owned by the Province of Ontario, which means every Ontarian is our energy partner.
Our core business
As of March 31, 2019, OPG’s generating portfolio had an in-service capacity of 16,108 megawatts in Ontario.
In the province, we own and operate:
- 2 nuclear stations
- 66 hydroelectric stations
- 1 biomass station
- 1 dual-fuelled oil and gas station, and
- 1 solar facility
In addition to the above, OPG owns two other nuclear stations that are leased to Bruce Power L.P.
OPG is also co-owner but not operator of the Portlands Energy Centre gas-fired combined cycle generating station in Toronto and the Brighton Beach gas-fired combined cycle generating station in Windsor.
We also own and operate 64 hydroelectric generating facilities and have minority shareholdings in certain hydroelectric generating stations and solar facilities in the United States, through our wholly-owned subsidiary, Eagle Creek Renewable Energy, providing approximately 235 MW of in-service capacity across the United States.
Financial profile at Mar. 31, 2019
In long-term debt including amounts due within one year
In equity attributable to the shareholder
Net income attributable to the shareholder in Q1 2019
Recognizing OPG's international ranking
OPG has a long-term credit rating of ‘BBB+’ from Standard & Poor’s (S&P) and ‘A (low)’ from DBRS.
Our roles and responsibilities as a power producer in Ontario, including our mandate, governance, performance and communications, are outlined in a Memorandum of Agreement between OPG and its shareholder, the Government of Ontario.