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May 05, 2015 1:34 PM 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 Risk Officer and Senior Vice President of Corporate Business Development
Senior Vice President of Commercial Operations & Environment
Compensation as of Fiscal Year 2014.

Ontario Power Generation Inc. Key Developments

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.

Ontario Power Generation Inc. Presents at HighQuest Partners, LLC's 7th Annual Global AgInvesting Conference, Apr-28-2015 09:00 AM

Ontario Power Generation Inc. Presents at HighQuest Partners, LLC's 7th Annual Global AgInvesting Conference, Apr-28-2015 09:00 AM. Venue: Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States. Speakers: Ryan Bisch, Director - Private Markets.

Ontario Power Generation Announces Retirement of Tom Mitchell as President and CEO

Ontario Power Generation announced the retirement of Tom Mitchell as president and CEO.

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