Ontario Power Generation
Ontario Power Generation Inc. (OPG) is a Crown corporation and "government business enterprise" that is responsible for approximately half of the electricity generation in the province of Ontario, Canada. It is wholly owned by the government of Ontario. 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. Since 1 April 2008, the company's rates have been regulated by the Ontario Energy Board.
| 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) |
| $1.20 billion CAD (2018) | |
| 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 |
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. 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.