The document summarizes oxidative phosphorylation. It discusses that oxidative phosphorylation is the process by which ATP is synthesized from ADP and Pi coupled with the electron transport chain. This occurs at complex V of the inner mitochondrial membrane. The P:O ratio refers to the number of ATP molecules generated for each oxygen atom consumed or electron pair transported through the electron transport chain, with mitochondrial NADH oxidation having a P:O ratio of 3.