Common Contracts

Memorandum of Agreement

October 11th, 2005

• Filed
  October 11th, 2005

This document serves as the basis of agreement between Ontario Power Generation Inc. (“OPG”) and its sole Shareholder, Her Majesty the Queen in Right of the Province of Ontario as represented by the Minister of Energy (the “Shareholder”) on mandate, governance, performance, and communications. This agreement is intended to promote a positive and co-operative working relationship between OPG and the Shareholder.