2011 Annual Report

Mon, 04/02/2012

The Ontario Power Authority’s 2011 annual report provides an overview of the OPA’s activities and accomplishments during the fiscal year that ended December 31, 2011, and includes the audited financial statements.

The report highlights a number of significant accomplishments in 2011:

  • Together with Ontario’s local distribution companies, we launched a suite of province-wide conservation and demand management programs to run from 2011 to 2014 and we helped build the capability of delivery agents and customers to participate in conservation programs.
     
  • We engaged in collaborative regional planning with community partners in areas across Ontario.
     
  • We substantially completed an update of the Integrated Power System Plan.
     
  • And we continued to build on the success of the FIT and microFIT renewable energy programs by processing nearly 30,000 applications, awarding contracts and supporting a planned two-year review of the programs.
     

2011 financial highlights include:

  • We reduced total operating costs by 4 percent from 2010.
     
  • We worked to maintain cost containment initiatives while managing a significant increase in conservation and generation program-related activities.
     
  • Growth in electricity generated under OPA contracts has led to increased generation charges year-over-year.
     
  • New province-wide conservation programs were launched to help meet provincial conservation targets.
     
  • We worked to diligently and effectively implement legislated programs within short timelines.  Consistent with the OPA’s own internal audit findings, the Auditor General did not find any significant issues with the administration of the FIT program.
     
  • Target to reduce regular OPA full-time equivalent staffing levels by five percent by 2013.