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May 24, 2015 12:12 AM ET

Electric Utilities

Company Overview of Ontario Power Generation Inc.

Company Overview

Ontario Power Generation Inc. generates and sells electricity on regulated and non-regulated basis in Ontario, Canada. It operates through Regulated – Nuclear Generation, Regulated – Hydroelectric, Unregulated – Hydroelectric, Unregulated – Thermal, Regulated – Nuclear Waste Management, and Other segments. The company operates 2 nuclear generating stations, 5 thermal generating stations, 65 hydroelectric generating stations, and 2 wind power turbines with a total in-service capacity of 16,229 megawatts. It also co-owns the Portlands Energy Centre gas-fired combined cycle generating station along with TransCanada Energy Ltd.; and the Brighton Beach gas-fired combined cycle generating station ...

700 University Avenue

Toronto, ON M5G 1X6

Canada

Founded in 1998

9,700 Employees

Phone:

416-592-2555

Key Executives for Ontario Power Generation Inc.

Chief Executive Officer, President and Director
Age: 58
Chief Financial Officer and Interim Senior Vice President
Chief Ethics Officer, Senior Vice President of Law and General Counsel
Chief Nuclear Officer
Senior Vice President of Nuclear Projects
Compensation as of Fiscal Year 2014.

Ontario Power Generation Inc. Key Developments

Ontario Power Generation Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Ontario Power Generation Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Revenue was $1,355 million against $1,387 million last year. Income before interest and income taxes was $342 million against $350 million last year. Net income attributable to the shareholder for the first quarter of 2015 was $234 million compared to $242 million for the same quarter in 2014. Cash flow provided by operating activities was $455 million compared to $428 million for the same quarter in 2014. Return on common equity for the twelve months ended March 31, 2015 was 8.2% against 8.5% for the period ended December 31, 2014.

Ontario Power Generation Inc. Presents at 14th Ontario Power Summit 2015, May-12-2015 10:15 AM

Ontario Power Generation Inc. Presents at 14th Ontario Power Summit 2015, May-12-2015 10:15 AM. Venue: Ontario, Canada. Speakers: Meg Timberg, Vice President, Nuclear Projects Oversight.

Ontario Power Generation Inc. Reports Earnings and Operating Results for the Year Ended December 31, 2014

Ontario Power Generation Inc. reported earnings and operating results for the year ended December 31, 2014. For the year, the company reported revenue of $4,963 million against $4,863 million for the last year. Income before interest, income taxes, and extraordinary item was $787 million against $252 million for the last year. Net income attributable to the shareholder was $804 million against $135 million for the last year. Cash flow provided by operating activities was $1,433 million compared to $1,174 million for the last year. The company reported income of $568 million, before extraordinary gain, for 2014 compared to $135 million for 2013. Net income, after extraordinary gain, for 2014 was $811 million, compared to $135 million in 2013. Return on equity was 8.5% against 1.5% a year ago. Return on equity, excluding extraordinary gain was 6.0% against 1.5% a year ago. Total electricity generated increased in 2014 to 82.2 terawatt hours (TWh) from generation of 80.8 TWh in 2013. The increase was mainly due to higher nuclear generation, partially offset by production forgone by OPG's hydroelectric facilities due to surplus base load conditions. Nuclear production of 48.1 TWh in 2014 increased by 3.4 TWh, compared to 2013, primarily due to fewer unplanned outage days at the Pickering and Darlington stations. Generation of 31.3 TWh in 2014 from the Regulated Hydroelectric segment was comparable to generation of 31.4 TWh in 2013.

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