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 per cent owned by the Province of Ontario.
Q: How many employees does OPG have?
A: OPG employs approximately 12,000 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 about 60 per cent 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:
- 2 nuclear stations
- 5 thermal stations
- 65 hydroelectric stations on 24 river systems, and
- 2 wind power turbines
Q: What is OPG's generating capacity?
A: OPG's generating portfolio has a total capacity of over 19,000 megawatts (MW) making us one of the largest power generators in North America.
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: On Jan. 10, 2013, the Premier of Ontario announced that the Lambton and Nanticoke generating stations would cease using coal at the end of 2013. OPG will develop a plan to shut down these units by the end of 2013 and put them in safe condition. Thunder Bay GS will cease using coal at the end of 2014.
The option to convert some coal fueled units to alternate fuels is available depending on whether they are required in the future to meet electricity demands.
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.
FINANCIAL
Q: How do I contact Investor Relations?
A: Contact information for Investor Relations can be found here.
Q: Where can I view OPG's financial reports?
A: Quarterly and annual reports are available for download on the Financial Reports page.
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 page.
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.
