ONTARIO POWER GENERATION

Fair Hydro Trust is a special purpose trust established by the Ontario Fair Hydro Plan Act, 2017, to reduce electricity bills for eligible consumers... Prior to May 9, 2019, the purpose of the Trust was to reduce electricity bills for eligible consumers (Specified Consumers) in the Province by refinancing a portion of costs over a longer period of time (Global Adjustment). Pursuant to the Act, effective May 1, 2017, the Independent Electricity System Operator (IESO) began to defer the collection of a portion of the Global Adjustment costs. The Act allowed the IESO to transfer a portion of the deferred balance to a financing entity that would fund the deferral in exchange for an irrevocable right to recover the balance and associated financing and other costs from Specified Consumers in the future (Investment Interest). In order for the Trust to finance the Investment Interest acquired from the IESO, it incurred senior debt from capital markets and subordinated debt from OPG. These..

Also known as: Fair Hydro Trust, Ontario Power Generation Inc