Can I trust the OPA to honour my 20 year agreement?
The credit worthiness of the OPA (Ontario Power Authority) derives from the fact that it has the authority to recover all its costs from Ontario electrical customers through uplift charges. So basically they cant go broke since they have a monopoly on the sale of electricity in Ontario and they have the right to charge whatever they need to. Their credit rating is Aa1 which is the second highest available. Currently, only five US corporations hold a higher credit rating then the Ontario Power Authority, GE and IBM only have an Aa2 rating. The stocks and funds that your RRSP are invested in probably represent a higher risk of defaulting then a contract with the OPA. Your PPA (Power Purchase Agreement) is a legally binding contract that is enforceable in court. It is a fairly straight forward document that does not contain any loopholes for the OPA to rescind your contract other than out right fraud on your part.
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