Ontario Power Generation Inc. · Toronto, ON Canada
Company Description
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This link will open in a new window Ontario Power Generation (OPG) produces most of Ontario, Canada's electricity supply. The province-owned company operates fossil-fueled, nuclear, and hydroelectric power plants (as well as alternative energy facilities) that give it a generating capacity of more than 22,150 MW. OPG sells wholesale power to utilities (including Hydro One ) and businesses in Ontario; it also markets electricity in interconnected Canadian and US markets. OPG was formed in 2000 when province-owned Ontario Hydro was split into two companies (Hydro One and OPG) to prepare for deregulation, which took effect in 2002. OPG operates 64 hydroelectric, five fossil, three nuclear, and two wind-generation stations. To read the full description, subscribe now.
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Key Ontario Power Generation Inc. Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $6,082.0 |
| Employees | 12,000 |
Ontario Power Generation Inc. Executives
25 executives listed for Ontario Power Generation Inc.'s Toronto, ON location.
| Title | Name & Bio | Contact |
| Chairman | Jake Epp | Network |
| President and CEO | James Hankinson | Network |
| EVP and COO | Pierre Charlebois | Network |
Competition
Competitive Landscape for Ontario Power Generation Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Ontario Power Generation Inc. Competitors
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