OPG meaning in Business ?

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What is Ontario Power Generation mean?

Ontario Power Generation Inc. (OPG) is a Crown corporation responsible for approximately half of the electricity generation in the province of Ontario, Canada. It is wholly owned by the Government of Ontario. Sources of electricity include nuclear, hydroelectric, wind, gas and biomass. Although Ontario has an open electricity market, the provincial government, as OPG's sole shareholder, regulates the price the company receives for its electricity to be less than the market average, in an attempt to stabilize prices. Since 1 April 2008, the company's rates have been regulated by the Ontario Energy Board.

On 10 June 2019 it was announced that a new corporate campus would be built in Clarington, Ontario that will also house Ontario Power Generation's headquarters.

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Posted on 25 Dec 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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