Our mission, vision & values

As Ontario’s largest clean electricity generator, see how our focus is on generating safe, efficient, and reliable energy.

About

Our partnerships & subsidiaries
Our subsidiaries & partnerships are helping us improve electricity generation, storage, and distribution technology to electrify life in one generation.
Who we are
Powering Ontario
Ontario’s need for power never takes a rest and neither does OPG — we’re on the job 24 hours a day, seven days a week, powering Ontario.
What we do
Public safety
We maintain a long-term commitment to the health, safety and energy needs of Ontarians, and it shows in everything we do.
Our commitments in action
Code of Business Conduct
We operate according to a Code of Business Conduct that ensures safety, integrity and efficiency for Ontario.
Governance & regulation

Workers in hard hats look out from the top of an open stairway before a huge Canadian flag in a nuclear plant.

Our role in the system

Our role is to help build a stronger Ontario by investing in clean, affordable power and energy solutions that help grow Ontario's economy.

Power generation

Nuclear power
Nuclear power plays an important role in Ontario and OPG’s energy mix, and its critical to helping us achieving our net-zero goals.
Our power
Educational resources
We support students and educators by providing learning resources developed specifically for teachers, young people and schools.
Our role in the system
Nuclear safety and emergency preparedness
We build safety into every step of our energy production and about our comprehensive emergency preparedness plans for Ontarians.
Our commitment to safety
- Nuclear safety and emergency preparedness
- Water safety

The pristine turbine hall at Darlington Nuclear Generating Station.

Darlington refurbishment project

Once complete, this project will enable production of clean, safe, low-cost, and emission-free electricity from Darlington for 30 more years.

Projects & services

Darlington SMR
The Darlington site is the only location in Canada licenced for new nuclear with a completed and accepted Environmental Assessment.
Our projects
Clean energy credits
With an extensive portfolio of clean energy generation across North America, OPG can offer environmental credits in both Canada and the US.
Our services
- Electrification services
- Clean energy credits

Ouimet Canyon Provincial Park, Thunder Bay, Ontario

Territorial acknowledgement

We respectfully acknowledge that our facilities are located within the traditional and treaty territory of Indigenous Nations and communities.

Community investment

The Power for Change Project was designed to give back to Ontario and to the communities where we operate, to help build a cleaner, more sustainable future for generations to come.

Communities

Territorial Acknowledgement
- Territorial Acknowledgement
  OPG respectfully acknowledges that the lands on which its generating stations and other assets are located are within the traditional and treaty territory of many Indigenous communities. Click to read more.
Central Ontario
- Central Ontario
  Central Ontario is home to 20 of our hydroelectric facilities, some of which, like our Sills Island Generating Station, have been part of their community for more than one hundred years.
Eastern Ontario
- Eastern Ontario
  Eastern Ontario is host to one gas-fired generating station and 15 of our hydroelectric generating stations on the St. Lawrence, Ottawa and Madawaska Rivers.
Northeastern Ontario
- Northeastern Ontario
  Northeastern Ontario contains 14 of our hydroelectric stations, including several we built or redeveloped through key partnerships with local Indigenous communities.
Northwestern Ontario
- Northwestern Ontario
  Northwestern Ontario hosts 11 of our hydroelectric stations as well as a former coal generating station that we converted to use biomass as fuel.
Southern Ontario - Durham Region
- Southern Ontario - Durham Region
  The golden horseshoe of Southern Ontario is home to key operations including our Darlington and Pickering nuclear stations in Clarington and Pickering.
Southern Ontario - Niagara Region
- Southern Ontario - Niagara Region
  The golden horseshoe of Southern Ontario is home to key operations including our iconic Sir Adam Beck hydroelectric stations in Niagara Falls.
Southwestern Ontario
- Southwestern Ontario
  Southwestern Ontario is host to our NSS - Western Waste Management Facility in Bruce County, our Eugenia hydroelectric station near Meaford, and our Nanticoke Solar Facility on the site of the former Nanticoke coal station.

Rough waters in the tailrace from Barrett Chute hydroelectric station.

Water system data portal

Find water level and flow information from gauges on rivers where OPG operates hydroelectric stations in Ontario.

News & resources

Net-Zero News
A quarterly round-up of stories, news and profiles that highlight our best. See how we’re electrifying life in one generation.
Newsroom
Visitor centres
At our visitor centres, the public is welcomed to see how their power is made and learn about Ontario's low-carbon electricity system.
Educational resources
Water safety
Our commitment to public safety includes making sure people know about the dangers around our hydro stations and dams.
Water system data portal

Careers
Investors
Reports
OPG Websites

Media Releases

December 17, 2020

3 min read

OPG incorporates sustainability targets into financing

First Canadian energy company to secure sustainability linked loan

Toronto, ON – Ontario Power Generation (OPG) has become the first company in the Canadian power and utilities sector to incorporate sustainability targets into its corporate financing needs. This reflects OPG’s leadership position on sustainability, while reducing credit costs.

“OPG has shown sustained leadership in climate change action, and has pledged to act as a catalyst for efficient, economy-wide decarbonization and economic renewal while protecting the environment going forward, with clear and ambitious goals set out in the company’s Climate Change Plan,” said OPG President and CEO Ken Hartwick. “Incorporating sustainability targets into financing is a natural next step as we work toward those goals.”

Mizuho Americas is the Sole Lead Arranger and Administrative Agent for the US$750 million 364-day Senior Unsecured revolving standby credit facility; RBC is the Sustainability Structuring Agent. This facility supports OPG’s short-term liquidity needs.

"OPG has shown sustained leadership in climate change action, and has pledged to act as a catalyst for efficient, economy-wide decarbonization and economic renewal while protecting the environment going forward, with clear and ambitious goals set out in the company’s Climate Change Plan."

Ken Hartwick, OPG's President and CEO

“We are proud to support OPG, a leader in environmental sustainability and workplace safety, in this market-leading transaction,” said Brad Crilly, Head of Canadian Coverage for Mizuho Americas. “Its sustainability targets in the areas of safety, hydroelectric capacity development, electrification, and biodiversity are key to helping the company achieve its objectives.”

“RBC is proud to partner with OPG as Sustainability Structuring Agent on this facility, establishing a pricing structure linked to meaningful and ambitious sustainability performance targets that are aligned with OPG’s strategic priorities,” said Patti Shugart, Global Head of Corporate Banking at RBC Capital Markets. “RBC’s approach to sustainability and our focus on offering clients best-in-class advice tailored to their needs are both central to delivering on our stated purpose to help clients thrive and communities prosper.”

Quick Facts

The credit terms will allow OPG to reduce credit and borrowing costs on the lending facility if it meets sustainability targets on:
- Safety;
- Installation of electric vehicle chargers;
- Trees planted; and
- Hydroelectric capacity development.
OPG’s newly-released Climate Change Plan pledges OPG will be a net-zero carbon company by 2040, and will act as a catalyst to help the markets where we operate achieve net-zero carbon economies by 2050.
In 2018, OPG became the first Canadian utility to use green bonds to finance clean, low-cost power, raising $450 million in green financing.
OPG recently joined the NASDAQ sustainable bond network, helping advance sustainable financing as part of our broader effort to address climate change.

About OPG

OPG is a climate change leader and the largest electricity generator in the province, providing more than half of the power Ontarians rely on every day. It is also one of the most diverse generators in North America, with expertise in nuclear, hydroelectric, biomass, solar and natural gas technologies.

About Mizuho Americas

Mizuho Americas is part of a leading global financial institution focused on serving its institutional, corporate, and private equity clients with strategic and financing solutions in the areas of investment and corporate banking, equities, fixed income, and futures.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper.

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For further information, please contact:

OPG Media Relations
416-592-4008 or 1-877-592-4008
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