Article

Ontario Power Generation has proposed a significant rate increase to nearly $207 per megawatt hour starting in 2027, as the province invests $47.7 billion in nuclear refurbishments and small modular reactors to meet rising electricity demand. The government is also considering partial privatization of OPG to mitigate financial risks for taxpayers and leverage future profits, while addressing the projected 65% growth in the electricity sector by 2050. However, the move carries substantial financial risks, particularly in light of past costly overruns in similar projects.