Ontario Power Generation Inc.

Ontario Power Generation Inc.

Ontario Power Generation Inc. was established in 1999 under the Ontario Electricity Act to own and operate the province's electricity generation assets. The corporation is wholly owned by the Province of Ontario, operating as a commercial entity without direct taxpayer subsidies. The company's generation fleet includes the Pickering and Darlington nuclear stations, 66 hydroelectric stations, and growing wind and solar capacity. OPG also owns the regulated Darlington New Nuclear project, targeting small modular reactor deployment by 2028. In 2023, the company announced a $100M investment in a geothermal demonstration project (per OPG, 2023). Its geographic footprint concentrates in Ontario but includes renewable investments across Canada. OPG employs over 10,000 people, with its headquarters in Toronto and operational sites throughout Ontario. The corporation also operates the OPG Charitable Foundation, which donated over $15M to community projects since 2014. In May 2025, OPG and its partners launched the first commercial SMR project at Darlington, under regulatory construction (per OPG, May 2025). OPG's structural differentiator is its crown-corporation status with a commercial mandate — it earns revenue from wholesale electricity markets and regulated rates, unlike a traditional utility. This hybrid structure lets it invest in long-duration assets, such as nuclear refurbishments and grid-scale storage, without short-term shareholder demands.