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 June 30, 2019, OPG’s generation portfolio had an in-service generating capacity of 16,345 megawatts.
In Ontario, we own and operate:
- 66 hydroelectric stations
- Two nuclear stations
- One biomass station
- One dual-fuelled oil and gas station
- One solar facility
OPG also owns or co-owns a number of additional facilities in Ontario and the United States:
Eagle Creek Renewable Energy — OPG has a wholly-owned subsidiary known as Eagle Creek Renewable Energy, LLC (Eagle Creek), which has interests in 78 hydroelectric generating stations, of which 64 are owned and operated, and minority shareholdings in two solar facilities in the United States.
Co-owned gas-fired combined cycle generating stations — OPG is also a co-owner but not an operator of the Portlands Energy Centre gas-fired combined cycle generating station, and the Brighton Beach gas-fired combined cycle generating station, both located 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 June 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 Q2 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.