OPG and GM Canada to promote electric cars
TORONTO, ONTARIO - Ontario Power Generation (OPG) and General Motors Canada (GMC) are working together to drive home the message that plug-in electric cars are on the horizon, and they will be powered by an Ontario electricity system that will be cleaner over time.
This message is the central theme of a two-month, Ontario-based advertising campaign. The campaign features a 30-second TV commercial showcasing the environmental benefits of plug-in electric vehicles. The TV ads are supplemented by print, billboard and internet advertising that features the upcoming Chevrolet Volt Extended Range Electric Vehicle.
The Volt is designed to be recharged overnight and to operate exclusively on electric power for up to 65 kilometres. After that point its range extending power source - a small gasoline engine - will engage seamlessly to recharge its batteries.
"This collaboration is a natural fit for both GM and OPG," said OPG Chief Nuclear Officer, Tom Mitchell. "GM is working towards a future of clean transportation, and OPG is working towards a future of dramatically reduced greenhouse gas emissions, with our reliance on nuclear and hydroelectric generation."
"We are delighted that OPG is highlighting the great environmental potential of the Chevrolet Volt" said GM of Canada Vice President of Corporate and Environmental Affairs, David Paterson. "We look forward to working closely with OPG as we move forward towards that reality".
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DBRS Confirms Ontario Power Generation Inc. at A (low)/R-1 (low), Stable Trends
TORONTO - DBRS Limited (DBRS) confirmed the Issuer Rating and the Unsecured Debt rating of Ontario Power Generation Inc. (OPG or the Company) at A (low) and the Commercial Paper (CP) rating at R-1 (low).
All trends are Stable. The ratings of OPG continue to be supported by (1) the reasonable regulatory regime in place for the Company's regulated generation facilities, (2) strong cash flow-to-debt and debt-to-capital ratios and (3) continuing financial support from its shareholder, the Province of Ontario (the Province; rated AA (low) with a Stable trend by DBRS). The Province, through its agent, the Ontario Electricity Financial Corporation…
