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OPG Reports 2021 First Quarter Financial Results

OPG Reports 2021 First Quarter Financial Results News provided by Share this article Share this article Continues to execute Darlington Refurbishment and planned hydroelectric unit overhauls to provide reliable, emissions-free power to Ontario TORONTO, May 18, 2021 /CNW/ - Ontario Power Generation Inc. (OPG or Company) today reported its financial and operating results for the first quarter of 2021, with net income attributable to the Shareholder of $290 million, compared to $309 million for the same period last year. OPG s net income decreased during the first quarter of 2021 primarily due to lower nuclear electricity generation as a result of deferring a planned outage for Unit 1 of the Darlington nuclear generating station (Darlington GS) from 2020 in response to COVID-19, largely offset by earnings from the assets acquired during 2020 and higher earnings from the nuclear segregated funds. OPG continues to safely and reliably operate its facilities to supply electricity to O

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