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 approximately 40% less than the average of other generators in Ontario.
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 September 30, 2019, OPG’s generation portfolio had an in-service generating capacity of 16,629 megawatts.
In Ontario, we own and operate:
- 66 hydroelectric stations
- 2 nuclear stations
- 1 biomass station
- 1 dual-fuelled oil and gas station
- 1 natural gas fuelled station owned and operated by a wholly-owned subsidiary
- 1 solar facility
OPG also owns or co-owns a number of additional facilities in Ontario and the United States:
United States Hydroelectric Platform — OPG owns a portfolio of hydroelectric generating stations in the United States through a wholly-owned subsidiary, currently operating under the Eagle Creek Renewable Energy and Cube Hydro brands. The portfolio includes interests in 98 hydroelectric generating stations, of which 84 are wholly-owned owned and operated, and minority shareholdings in two solar facilities in the United States.
Co-owned gas-fired combined cycle generating station — OPG is also a co-owner but not an operator of the Portlands Energy Centre natural gas-fired combined cycle generating station in Ontario.
Bruce nuclear stations — OPG also owns two other nuclear generating stations in Ontario which are leased to Bruce Power L.P.
Financial profile at September 30, 2019
In long-term debt including amounts due within one year
In equity attributable to the shareholder
Net income attributable to the shareholder in Q3 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.