Board of Directors

James Arnett was appointed Chair of Hydro One Inc. on March 31, 2008. Mr. Arnett has had a distinguished career as a senior executive, corporate director and lawyer. Mr. Arnett chaired the Province of Ontario’s 2007 Agency Review Panel that reviewed the way compensation is set for senior executives in Ontario’s electricity sector agencies and how those agencies can work together more efficiently. He is Counsel to Fraser Milner Casgrain LLP and from 2004 to 2006, and was special advisor to the Premier of Ontario on the steel industry. Mr. Arnett is a former president and CEO of Molson Inc. and between 1997 and 2000, he led Molson’s transformation from a diversified holding company to a focused brewing company. Prior to that, he was a senior partner in a major Canadian law firm as the Toronto Corporate/Commercial Head and as resident partner in the firm’s Washington, D.C. office. He is also Chair of Toronto East General Hospital and is a member of the Directors Advisory Group of the Canadian Institute of Chartered Accountants. Mr. Arnett holds a bachelor of Arts degree and an LL.B from the University of Manitoba, as well as an LL.M from Harvard Law School.

Sami Bébawi is the president of his own construction project management company, Geracon Inc. From 1999 until December 31, 2006 he was an Executive Vice President of SNC-Lavalin Group Inc. and member of the Office of the President and President of the heavy construction company Socodec Inc. Mr. Bébawi also had the corporate responsibility in project management policy. He is an engineering graduate with a Masters Degree and has several years of experience designing and building thermal, hydro and nuclear power plants. Mr. Bébawi is a Member of the Ordre des ingénieurs du Québec and is a conjunct professor at Concordia University, Montreal. Mr. Bébawi has been a Director of our company since October 8, 2004.

Kathryn A. Bouey is currently a management consultant. From 2001 to 2005, Ms. Bouey was the Deputy Minister of the Management Board Secretariat, Province of Ontario and previously held other senior management positions with the Province, including: Deputy Minister of Intergovernmental Affairs (1999-2001); and Assistant Deputy Minister, Corporate Services Group, Ministry of Health and Long-Term Care (1997-1999). Following 11 years with the federal government, Ms. Bouey joined the Ontario Ministry of Finance as Senior Policy Advisor/Senior Economist in 1982. She is currently a Governor of Sheridan College and a Director of St. Joseph's Health Centre. Previously, she held the position of Chair of the Ontario Civil Service Commission and has served on the boards of the Canadian Comprehensive Auditing Foundation, Ontario Power Generation, the Ontario Financing Authority and the Ontario Pension Board. Ms. Bouey obtained a Master of Arts (Economics) from Carleton University in 1981 and was certified by the Institute of Corporate Directors in 2006. She has been a Director of our company since March 30, 2007.

Murray J. Elston was appointed President and CEO of the Canadian Nuclear Association ("CNA"), effective January 5, 2004. The CNA is a non-profit organization that represents the nuclear industry in Canada and promotes the development and growth of nuclear technologies for peaceful purposes. He previously served as President of Canada's Research-Based Pharmaceutical Companies, a national association representing over 60 research-based pharmaceutical companies, to which he was appointed in November 1998. From 1981 to 1994, he served as a Liberal MPP in the Ontario Legislature, where he held the positions of Minister of Health, Chairman of Management Board, Minister of Financial Institutions, and Chairman of the Public Accounts Committee. Mr. Elston is Chair of the University of Ottawa Institute of Mental Health and Research, and a member of the Board of the Canadian Medical Hall of Fame, the Canadian Nurses Foundation, and the Walkerton Clean Water Centre. He has been a Director of our company since June 11, 2002.

Laura Formusa was appointed President and Chief Executive Officer, Hydro One Inc., on November 23, 2007, having served as the company's acting President and Chief Executive Officer since December 8, 2006.  Ms. Formusa was appointed Hydro One's General Counsel and Secretary in 2003.  She held various senior positions at Hydro One until being appointed General Counsel and Secretary of Hydro One Networks Inc. in 2000.  Ms. Formusa earned her Bachelor of Laws degree at Osgoode Hall Law School and was admitted to the Law Society of Upper Canada in 1980. She joined Ontario Hydro in 1980, following her call to the Bar of Ontario. She has been a Director of our Company since March 30, 2007.

Don MacKinnon has been President of the Power Workers' Union, an electricity industry workers union, since May 2000 and a lineman by trade since 1971. He was Vice-President of the Union for 11 years prior to being elected President. In 2000, Mr. MacKinnon was appointed by the Minister of Energy, Science and Technology to the Electricity Transition Committee. He was a member of the Board of Directors of the Electrical and Utilities Safety Association and the Retail Management Board of Ontario Hydro. In 2003, Mr. MacKinnon was appointed by the Minister of Energy to the government's Electricity Conservation and Supply Task Force. In 2005, Mr. MacKinnon became a member of the Canadian Nuclear Association's Board of Directors. He has been a Director of our company since June 11, 2002.

Michael J. Mueller is currently the Global leader of PricewaterhouseCoopers' (PwC) Private Company Services/Middle Market Practice and a member of PwC's Global Audit Leadership Team, Global Advisory Leadership Team and the Global Markets Council. He is a Chartered Accountant, a Certified Insolvency Practitioner, and a Chartered Business Valuator. Prior to his current position with PwC, he was National Managing Partner for Canada and Senior Relationship Partner for a number of the firm's most significant clients. Mr. Mueller's past community involvement includes: member of the Board of Governors of the Stratford Shakespearean Festival of Canada; President of the Windsor Symphony Society; and President, Better Business Bureau of Windsor and Essex Counties. He has been a Director of our company since March 30, 2007.

Walter Murray is a former Vice-Chairman and member of the Executive Committee of RBC Capital Markets. Prior to his retirement from the Royal Bank of Canada in April 2005, his 38-year career with the bank included senior responsibility for relationship cover for a portfolio of major Canadian and international accounts, Corporate Banking activities across Canada, and several executive postings, including serving as Regional Executive for RBC's Chicago based, Midwestern USA Corporate Banking operations. Since 2000, Mr. Murray has been a member of Ivernia Inc.'s Board of Directors and Chair of its Audit Committee. Mr. Murray has been a Director of our company since November 10, 2005.

Robert L. Pace is the President and Chief Executive Officer of The Pace Group Ltd. The Pace Group owns and operates a number of companies across Atlantic Canada, including: Maritime Broadcasting System Ltd., a 24 radio station group; MBS Realty Ltd.; Green Waste Systems Inc.; D & R Pace Properties Ltd.; and Shredder's. He began his professional career with the Halifax firm Chandler Moore, where he practiced family and commercial law. Between 1981 and 1984, Mr. Pace served as Atlantic Advisor to the Prime Minister of Canada. Mr. Pace is currently a member of the Board of Directors of Canadian National and has served as Chairman of its Audit Committee. His other directorships include: Overland Realty Limited (Chairman of the Board); Canadian Health Care Consulting Services Ltd.; Highliner Foods Inc.; the Atlantic Salmon Federation, where he is a member of the Canadian/US Board of Directors; the Asia Pacific Foundation; and Chair of the Public Gardens Restoration Committee (Halifax). Mr. Pace was called to the Nova Scotia Bar in 1981 following the completion of his Bachelor of Laws degree at Dalhousie University, where he also completed an MBA in 1977. He has been a Director of our company since March 30, 2007.

Gale Rubenstein is a partner in the corporate restructuring group of Goodmans LLP and a member of the firm's Executive Committee. She practices law in the areas of commercial insolvency and restructuring with emphasis on financial institutions, both domestic and international, and on pension restructurings. Ms. Rubenstein was senior counsel to the liquidators of numerous financial institutions and has been counsel to the Superintendent of Financial Institutions (Canada) and the Superintendent of Financial Services (Ontario). She has authored numerous papers on the insolvency of insurance companies and banks, and is an update author of LexisNexis Canada's Insurance Companies Act: Legislation and Commentary. She obtained her Bachelor of Law degree from Osgoode Hall Law School and is a current member of the Insolvency Institute of Canada and Insol International. She has been a Director of our company since March 30, 2007.

Douglas E. Speers is Chairman and Director of Emco Corporation, a leading Canadian distributor of building materials for the residential, commercial and industrial construction markets. Prior to his appointment as Chairman, Mr. Speers was Emco's President and CEO from 1997 - 2004. Between 1971 and 1988, he held several senior positions with Imperial Oil Ltd. in Canada and Exxon International in New York City. Mr. Speers is a Professional Engineer - Province of Ontario, and is currently the Chair of the Executive Board, Canadian Industry Program for Energy Conservation (a joint industry-Federal Government initiative); Chairman of the Services Board and member of the Advisory Board of the Richard Ivey School of Business. He is a member of the Boards of a number of privately-held companies and has been a Director of our company since November 10, 2005.

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