The Toronto Branch of the Canadian Nuclear Society announces a public seminar

Speaker: Fred Long, B.A., Ph.D. Vice President, Financial Planning, OPG

Topic: The Nuclear Role in OPG’s Financial Success

Date and Time: Wednesday, August 29, 2001

11:45 AM – 1:00 PM

Location: Main Auditorium, OPG Head office, 700 University Ave., Toronto

Visitors please enter the OPG front doors outside Queens Park subway station and take the stairs or elevator to the Mezzanine Level and follow the signs.

All welcome. Coffee and donuts will be provided.

Abstract

Mr. Long will discuss the key role that Ontario Power Generation expects nuclear power to play in it’s pursuit of financial success. His presentation will cover a number of perspectives on this topic, including

· the contribution that nuclear operations make to OPG today;

· the critical role of the ongoing nuclear recovery and the return of Pickering A in OPG’s commercial objectives; and

· the increasing importance of credible forecasts and realistic performance plans to both management and the investment community.

Speaker's Biography

Fred Long was appointed to the position of Vice President, Financial Planning for Ontario Power Generation Inc. in April, 1999. Mr. Long is responsible for directing the company’s financial and business planning, management reporting, and financial assessment of investment opportunities.

Mr. Long joined Ontario Hydro in 1976 in the Nuclear Generation Division as a Nuclear Trainee. Since 1980, he has worked in Corporate Finance and has held numerous positions where he has been responsible for short-term and long-term financial planning, financial policy and strategy, and operational audits. Prior to his current position, Mr. Long was Director of Financial Strategy, where he played a leadership role in the financial restructuring of Ontario Hydro into its successor companies.

During his career, Mr. Long represented Ontario Hydro at a number of Public Hearings including Electricity Rate Cases, assessment of the Demand Supply Plan, review of Ontario Hydro International, and a review of the concept for long-term management of used nuclear fuel. Mr. Long has also represented Canada in a study of the economics of nuclear waste management undertaken by the International Atomic Energy Agency (IAEA).

Born in London, England, Mr. Long obtained an Honours of Bachelor of Arts Degree (physics) from Essex University (1970) and his Ph.D. in physics from McMaster University (1976).

For more information, please see www.cns-snc.ca and follow Branches -> Toronto

Or freely contact either:

Adam McLean, University of Toronto, Teruo Takahashi, Marubeni Canada Ltd.

(416) 535-0616, adam.mclean@utoronto.ca (416) 368-1171 ext. 232, Takahashi-T@trt.marubeni-usa.com