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Ontario Power Generation was established in April 1999 as part of plans by the Progressive Conservative government of Premier Mike Harris to privatize the assets of Ontario Hydro and deregulate the province's electricity market. OPG was one of the five successor corporations to Ontario Hydro and assumed ownership of all generating stations.
After the offering, Ontario held 48.9% of Hydro One's common shares: 47.4% directly held by the government, and 1.5% held by Ontario Power Generation. The Province of Ontario is a shareholder of Hydro One with approximately 47.2% ownership at September 30, 2021. [40]
Ontario Power Generation and Moose Cree First Nation [46] Lac-Seul Station: Ear Falls: 12: Ontario Power Generation [46] Lakefield Generating Station: Lakefield: 12: Ontario Power Generation [46] Little Long Generating Station: Kapuskasing: 133: Ontario Power Generation and Moose Cree First Nation [46] London Street Dam: Peterborough: 4.1 ...
Ontario’s electricity distribution consists of multiple local distribution companies (LDCs). Hydro One, a publicly-traded company owned in part by the provincial government, is the largest LDC in the province and services approximately 26 percent of all electricity customers in Ontario.
Bruce Power operates eight nuclear reactors on Lake Huron, where it leases the Bruce site from Ontario Power Generation. [2] With those eight units in operation, the facility has a capacity of 6,400 megawatts and typically supplies nearly 30 percent of the electricity used in Ontario's provincial power grid. [2]
In April 2012, the Energy Minister of Ontario Chris Bentley introduced legislation in provincial Parliament to merge the Ontario Power Authority and IESO. [1] The merger was expected to take place in late 2012. After the Premier of Ontario Dalton McGuinty resigned in the fall of 2012, the merger was postponed.
The Ontario Power Authority (OPA) was an independent, non-profit corporation established through the Electricity Restructuring Act, 2004 (Bill 100). Licensed by the Ontario Energy Board , it reported to the Ontario legislature through the Ministry of Energy .
Ontario Hydro, established in 1906 as the Hydro-Electric Power Commission of Ontario, was a publicly owned electricity utility in the Province of Ontario.It was formed to build transmission lines to supply municipal utilities with electricity generated by private companies already operating at Niagara Falls, and soon developed its own generation resources by buying private generation stations ...