Oefc.on.ca
Title
Ontario Electricity Financial Corporation -- Overview and Mandate
Description
Overview and Mandate
The Ontario Electricity Financial Corporation (OEFC) is one of five corporations established by the Electricity Act, 1998. Under the Act, the former Ontario Hydro was restructured into Ontario Power Generation Inc. (OPG), Hydro One Inc. (Hydro One), the Independent Electricity System Operator (IESO), the Electrical Safety Authority (ESA) and the OEFC.
Receiving all payments and administering other assets, liabilities, rights and obligations of the Corporation that have not been transferred to another of the Ontario Hydro successor corporations and disposing of any of these items as it deems appropriate or as directed by the Minister of Finance;
The 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 responsible for provincial borrowing and debt management.
Languages
English
