Public Energy Inc.✓ Verified

Public Energy is an Ontario independent power producer. Six plants in operation today, and new capacity in development for the procurements and markets reshaping the province's power system. Public Energy designs, finances, builds, and operates distributed generation across multiple Ontario industrial sites. Our plants run under long-term agreements with the manufacturers who host them, dispatched through Ontario's coincident peak hours to lower Global Adjustment for the customers we serve. The Market Renewal Program took effect. The Hourly Ontario Energy Price was retired. Day-ahead and real-time prices now move under locational marginal pricing. Global Adjustment has compressed temporarily under elevated spot prices, but we expect it to normalize back upward as Ontario Power Generation's anticipated 2027 rate increases take effect. Ontario's electricity demand is forecast to grow roughly 75% by 2050. OPG has filed an application with the OEB for a regulated rate increase of approximately 86%, effective January 2027 if approved. The OEB proceeding is under way.

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