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Ontario Hydro Energy Helps Business Reduce Energy Costs

TORONTO, June 6, 2000 -Ontario Hydro Energy Inc. is announcing a range of new services designed to provide immediate savings to businesses through strategic outsourcing and cost management.

This includes application of specially developed billing software and metering to significantly reduce costs in accounts payable, identification of immediate energy savings opportunities, and outsourcing non-core operations to OHE with guaranteed savings.

"Ontario Hydro Energy Inc. has harnessed Ontario Hydro's 90 years of energy management expertise and combined it with innovative technology to bring cost-reduction solutions to Canadian business," explained Mike Miller, President and CEO. "Deregulation in Ontario is intended to unleash competition and innovation. We create value for businesses by providing information and services that translate into immediate savings."

Ontario Hydro Energy will not sell electricity to business customers. "We can best deliver on our promise to reduce costs if customers are assured that we have no vested interest in selling electricity, and instead help them find the best deals in the marketplace," Miller said.

Ontario Hydro Energy business services focus on developing a detailed understanding of customers' energy usage, identifying opportunities to reduce costs, and managing actions to deliver benefits. Each service has been specially designed to increase the customers' profitability under deregulation. These services are:

• Strategic Services: manage the process to obtain the best energy purchase for each customer.
• PayOne: alleviate the challenge of paying hundreds of energy and other bills, verify rates and guarantee no late payment, and reduce overheads.
• MeterSelect: secure the best energy price, provide support for billing solutions to commercial landlords, and reduce energy usage.
• PowerSelect: improve power quality and reliability to energy sensitive businesses.

Custom Solutions: provide an out-sourcing alternative to business that guarantees savings. Ontario Hydro Energy, a wholly-owned subsidiary of Hydro One Inc. (formerly Ontario Hydro Services Company), is a retailing company operating in the competitive energy services business.

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For more information contact Mike Miller at 416-641-1045, or visit the OHE web site.