October 01, 2016 12:53 AM ET

Electric Utilities

Company Overview of Ontario Power Generation Inc.

Company Overview

Ontario Power Generation Inc. generates and sells electricity to homes, schools, hospitals, and businesses in Ontario, Canada. It operates through five segments: Regulated – Nuclear Generation; Regulated – Nuclear Waste Management; Regulated – Hydroelectric; Contracted Generation Portfolio; and Services, Trading, and Other Non-Generation. As of December 31, 2015, the company operates 2 nuclear generating stations, 3 thermal generating stations, 65 hydroelectric generating stations, and 1 wind power turbine with a total in-service capacity of 17,055 megawatts (MW). It also co-owns the 550 MW Portlands Energy Centre gas-fired combined cycle generating station along with TransCanada Energy Ltd....

700 University Avenue

Toronto, ON M5G 1X6

Canada

Founded in 1998

9,250 Employees

Phone:

416-592-2555

Key Executives for Ontario Power Generation Inc.

Chief Executive Officer, President and Director
Age: 54
Chief Financial Officer and Senior Vice President of Finance, Strategy & Risk
Age: 53
President of Renewable Generation and Power Marketing
Chief Nuclear Officer and President of OPG Nuclear
Senior Vice President of Legal, Ethics and Compliance
Compensation as of Fiscal Year 2016.

Ontario Power Generation Inc. Key Developments

Ontario Power Generation Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2016

Ontario Power Generation Inc. reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2016. For the quarter, the company’s revenue was $1,387 million against $1,383 million a year ago. Income before interest and income taxes was $172 million against $268 million a year ago. Net income was $135 million against $193 million a year ago. Net income attributable to the Shareholder was $132 million against $189 million a year ago. Cash flow provided by operating activities was $348 million against $450 million a year ago. For the quarter, the company’s total electricity generation was 19.4 TWh against 20.8 TWh a year ago. For the six months, the company’s revenue was $2,865 million against $2,738 million a year ago. Income before interest and income taxes was $414 million against $610 million a year ago. Net income was $263 million against $432 million a year ago. Net income attributable to the Shareholder was $255 million against $423 million a year ago. Cash flow provided by operating activities was $714 million against $905 million a year ago. For the six months, the company’s total electricity generation was 40.4 TWh against 42.1 TWh a year ago.

Ontario Power Generation Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter and Twelve Months Ended March 31, 2016

Ontario Power Generation Inc. announced unaudited consolidated earnings results for the first quarter and twelve months ended March 31, 2016. For the quarter, the company reported revenue of $1,478 million compared to $1,355 million a year ago. Income before interest and income taxes was $242 million compared to $342 million a year ago. Net income was $128 million compared to $239 million a year ago. Net income attributable to the shareholder was $123 million compared to $234 million a year ago. The decrease in net income was mainly due to lower earnings from the Regulated – Nuclear Waste Management segment caused by lower earnings from the Decommissioning Segregated Fund. Cash flow provided by operating activities was $366 million compared to $455 million a year ago. For the twelve months, the company reported return on equity excluding accumulated other comprehensive income (ROE Excluding AOCI) of 2.9%. Funds from operations (FFO) adjusted interest coverage for the twelve months ended March 31, 2016 was $5.2 million.

Ontario Power Generation Inc. Presents at 15th Ontario Power Summit, May-10-2016 10:05 AM

Ontario Power Generation Inc. Presents at 15th Ontario Power Summit, May-10-2016 10:05 AM. Venue: The St. Andrew’s Club and Conference Centre, 150 King Street West, Toronto, ON M5H 3T9, Canada. Speakers: Meg Timberg, Vice President, Project Assurance and Contract Management.

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