Frequently Asked Questions
Corporate | Power Generation | Financial
CORPORATE
Q: When was OPG incorporated?
A: OPG was incorporated on December 1, 1998.
Q: What happened to Ontario Hydro?
A: Ontario Hydro was restructured on April 1, 1999 into five successor companies. Ontario Power Generation was established to operate the electricity generating assets of Ontario Hydro.
Q: Is OPG owned by the government or is it a private company?
A: OPG is a commercial company that is 100% owned by the Province of Ontario.
Q: How many employees does OPG have?
A: OPG employs approximately 11,700 people in communities across Ontario.
Q: Where is OPG’s Head office?
A: OPG’s Head office is located at:
700 University Ave
Toronto, Ontario, Canada
M5G 1X6
POWER GENERATION
Q: How much of Ontario’s electricity does OPG produce?
A: OPG generates 70% of the power produced in Ontario.
Q: What types of generating stations does OPG operate?
A: OPG has a diversified portfolio of generating assets which include:
- 3 nuclear stations
- 5 fossil stations
- 64 hydroelectric stations, and
- 3 Wind generating stations
Q: What is OPG's generating capacity?
A: As of December 31, 2007 OPG’s total in-service capacity is 22,158 megawatts.
Q: Where can I find information on OPG’s generating facilities?
A: More information about our generating facilities is available in the Power Generation section of this website.
Q: What’s going to happen to OPG’s coal-fired generating stations?
A: OPG will continue to operate its coal-fired stations in an efficient and environmentally responsible manner until they are no longer needed.
We will also make additional, prudent investments in environmental equipment and systems to further improve their environmental performance.
Q: Will OPG be building a new nuclear station?
A: OPG has been asked by the Ontario Government to begin the federal approvals process including an environmental assessment, for new nuclear units at an existing facility. We have begun that work, and have been meeting with the regulatory and approvals agencies to ensure we understand all of the requirements.
OPG has not been asked to begin construction of a new nuclear station. Construction cannot begin until a site preparation license and a construction license have been obtained from the Canadian Nuclear Safety Commission (CNSC). A pre-requisite is the completion of an environmental assessment. However OPG believes that its Darlington site is the best location for a new-build facility. Darlington has a highly qualified work force and enjoys strong community support and was the best performing multi-unit nuclear station in Canada in 2004 and 2005.
FINANCIAL
Q: How do I get a copy of the Annual Report?
A: The Annual Report is available for download on the Reports page. To request a hard copy please fill out an Info Request form.
Q: How do I contact Investor Relations?
A: Contact information for Investor Relations can be found here.
Q: Does OPG have any subsidiary companies?
A: OPG’s hydroelectric and fossil generation assets were held through subsidiaries of the Corporation through 2002, and then amalgamated with the Corporation on January 1, 2003. OPG’s nuclear generation assets are held through subsidiaries of the Corporation and the Pickering and Darlington assets are leased back to and operated by the Corporation. OPG also holds;
- An approximate 48.79% interest in Integran Technologies Inc., an engineering and services company;
- 50% interest in Brighton Beach Power Ltd;
- 49.95% in Brighton Beach Power L.P. (a limited partnership);
- 50% interest in Huron Wind Inc;
- 50% interest in Huron Wind L.P. (a limited partnership);
- 50% interest in Portland Energy Centre Inc and;
- 49.95% interest in Portlands Energy Centre L.P. (a limited partner)
Q: What is OPG’s fiscal year-end?
A: OPG’s fiscal year-end is December 31.
Q: Where can I find historical OPG financial statements?
A: Historical financial statements can be found in the archives of the Financial Reports section.
Q: Where can I purchase shares in OPG?
A: OPG shares cannot be purchased at this time. OPG is 100% owned by the Province of Ontario.
Q: Who is OPG’s external auditor?
A: OPG’s external auditor is Ernst & Young LLP.
Q: Where can I find information regarding the current market price of power in Ontario?
A: For information on real time power prices in Ontario, visit the Independent Electricity System Operator’s web site at www.ieso.ca.
Q: With which neighbouring markets is the Ontario market interconnected?
A: The Ontario market is interconnected with the New York, Michigan, Quebec, Manitoba and Minnesota markets.
