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| Company type | Crown corporation |
|---|---|
| Industry | Electricity generation |
| Founded | 1999 |
| Headquarters | Intact Centre 700 University Avenue Toronto, Ontario M5G 1X6 |
Key people | Wendy Kei, Chair Ken Hartwick, President and CEO |
| Products | Electricity |
| Revenue |  $5.53 billion CAD (2018)[1] |
| $1.20 billion CAD (2018)[1] | |
| Owner | Government of Ontario |
Number of employees | 10,000 (2019) |
| Subsidiaries | Atura Power Canadian Nuclear Partners Inc. Eagle Creek Renewable Energy Ivy Charging Network Laurentis Energy Partners PowerON |
| Website | opg |
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Ontario Power Generation Inc. (OPG) is a Crown corporation[2][3] and "government business enterprise"[4] that is responsible for approximately half of the electricity generation in the province of Ontario, Canada.[5] It is wholly owned by the government of Ontario.[6] Sources of electricity include nuclear, hydroelectric, wind, gas and biomass. Although Ontario has an open electricity market, the provincial government, as OPG's sole shareholder, regulates the price the company receives for its electricity to be less than the market average, in an attempt to stabilize prices.[citation needed] Since 1 April 2008, the company's rates have been regulated by the Ontario Energy Board.
In June 2019, it was announced that a new corporate campus would be built in Clarington, Ontario, that will also house Ontario Power Generation's headquarters.[7] In February 2023, it was announced that OPG would instead purchase the former head office building of General Motors Canada in Oshawa, Ontario, for their new headquarters, planning to open by 2024.[8]
- ^ a b "Archived copy" (PDF). Archived from the original (PDF) on 17 April 2019. Retrieved 17 April 2019.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Ontario government supports OPG proposal to operate Pickering nuclear station past planned 2024 closing". The Globe and Mail.
OPG is a Crown corporation that produces about half of the province's electricity.
- ^ "OPG says profit up, but electricity demand down". CTV News. The Canadian Press.
Ontario Power Generation Inc. had a $259-million profit in its latest quarter, although the provincial Crown corporation continued to feel the impact of reduced demand for electricity.
- ^ "Ford urged to sell Crown corporations like LCBO". CBC News.
The three Crown corporations that the province classifies as "government businesses enterprises" are the LCBO, Ontario Power Generation and Ontario Lottery and Gaming.
- ^ Ontario Power Generation
- ^ "OPG Annual Report, 2009" (PDF). Archived from the original (PDF) on 8 October 2010. Retrieved 13 March 2011.
- ^ "Ontario Newsroom". news.ontario.ca.
- ^ "Ontario Power Generation buying GM Canada's former head office building". Global News. The Canadian Press. Retrieved 15 February 2023.