INVESTOR RELATIONS
Our Company
OPG is an Ontario-based electricity generation company whose principal business is the generation and sale of electricity in Ontario. OPG was established under the Business Corporations Act (Ontario) in 1999 and is wholly owned by the Province of Ontario.
OPG's mandate is to cost effectively produce electricity from its diversified portfolio of generating assets, while operating in a safe, open and environmentally responsible manner.
In 2005, OPG and its sole shareholder reached agreement on this mandate which is detailed in a Memorandum of Agreement.
The Memorandum of Agreement (MOA) serves as the basis of agreement between OPG and the Government of Ontario on OPG's mandate, governance, performance and communications.
Our Core Business
OPG owns one of the largest, low cost and low emission portfolios of generating assets in North America. As of June 30, 2010, OPG had 21,726 megawatts (MW) of in-service generating capacity. Our diversified generating portfolio consists of:
- 3 nuclear generating stations
- 5 thermal generating stations
- 65 hydroelectric generating stations and
- 2 wind power turbines
Our Financial Profile
As of June 30, 2010, OPG had assets of $28.2 billion, long term debt of $4.2 billion, and equity of $7.6 billion.
OPG's net loss in the second quarter of 2010 was $29 million compared to net income of $306 million in the second quarter of 2009. Net income for the six months ended June 30, 2010 was $114 million compared to net income of $297 million for the same period in 2009.
OPG has a long-term credit rating of 'A-' from Standards & Poor's (S&P) and 'A (low)' from Dominion Bond Rating Service (DBRS).
Recent News
Recent Reports
Presentations