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OEFC Application for an Electricity Wholesaler Licence

Ontario Electricity Financial Corporation (OEFC or the Corporation) is one of five entities established by the Electricity Act, 1998 (the Act) as part of the restructuring of the former Ontario Hydro.

Under the Act, the former Ontario Hydro was restructured into Ontario Power Generation Inc. (OPG), Hydro One Inc. (now a subsidiary of Hydro One Ltd., or Hydro One), the Independent Electricity System Operator (IESO), the Electrical Safety Authority and OEFC.

In accordance with the Act, OEFC has the following mandate:

  • managing its debt, financial risks and liabilities, including the debt of the former Ontario Hydro;
  • managing the former Ontario Hydro’s contracts with non-utility generators (NUGs);
  • receiving all payments and administering other assets, liabilities, rights and obligations of the Corporation that were not transferred to another of the former Ontario Hydro successor corporations and disposing of any of these items as it deems appropriate or as directed by the Minister of Finance;
  • providing financial assistance to the successor corporations of Ontario Hydro;
  • entering into financial and other agreements relating to the supply and demand management of electricity in Ontario; and
  • performing any additional objects specified by the Lieutenant Governor in Council.

OEFC retains the services of the Ontario Financing Authority (OFA) and the Ministry of Finance to carry out its daily operations on a cost-recovery basis. The OFA is the agency of the Province of Ontario (the Province) responsible for Provincial borrowing and debt management.



The official Website of the Ontario Electricity Financial Corporation of the Province of Ontario, Canada

E-mail for general enquiries: investor@oefc.on.ca
This information is intended for general information purposes only and does not constitute an offer to sell or a solicitation of offers to purchase securities. It has not been approved by any securities regulatory authority and it is not sufficient for the purpose of deciding to purchase securities. It may have errors or omissions resulting from electronic conversion, downloading or unauthorized modifications. While the information, when posted or released, was believed to be reliable as of its date, NO WARRANTY IS MADE AS TO THE ACCURACY OR COMPLETENESS OF THIS DOCUMENT OR THE INFORMATION IT CONTAINS.