Words From Directors
Our core business
As of Mar. 31, 2021, OPG’s generation portfolio has an in-service generating capacity of 18,910 megawatts.
In Ontario, we own and operate:
- 66 hydroelectric stations
- 2 nuclear stations
- 1 biomass station
- 1 dual-fuelled oil and gas station
- 4 natural gas-fuelled stations owned and operated by wholly-owned subsidiary Atura Power
- 1 solar facility
OPG also owns a number of additional facilities in Ontario and the United States:
- OPG’s US Hydroelectric Platform — OPG wholly or jointly owns and operates 86 hydroelectric generating stations in the United States through wholly-owned subsidiaries known as Eagle Creek Renewable Energy. These subsidiaries also have minority shareholdings in 14 hydroelectric and two solar facilities in the United States.
- Bruce nuclear stations — OPG also owns two other nuclear generating stations in Ontario that are leased to Bruce Power L.P.
Recognizing OPG’s international ranking
OPG has a long-term credit rating of ‘BBB+’ from S&P Global Ratings (S&P), ‘A (low)’ from DBRS Limited, and ‘A3’ from Moody’s Investor Service.
Our roles and responsibilities as a power producer in Ontario, including our mandate, governance, performance and communications, are outlined in a Memorandum of Agreement between OPG and its Shareholder, the Government of Ontario.
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