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New Double Return incentive program rewards Hydro One's medium-sized commercial/industrial customers to reduce peak loads

November 22, 2006 — Hydro One today announced a new incentive program for medium-sized interval metered customers. The newest in Hydro One's wide range of conservation programs, Double Return provides a cash incentive to customers for actions they take to reduce peak energy usage. By reducing their average winter and summer peak electricity consumption by 5-10%, commercial/industrial customers will receive a cheque for double the amount of the delivery charges they have already saved.

"Investing in conservation means investing in the 'triple' bottom line: conservation saves energy, it saves money, and its good for the environment," said Energy Minister Dwight Duncan. "Hydro One's innovative Double Return program is the first of its kind in Ontario and demonstrates the McGuinty government's commitment to creating a culture of conservation in all corners of the province."

"This program has been specifically designed with our medium-sized commercial/industrial customers in mind," said Giuliana Rossini, Director Strategy and Conservation Officer, Hydro One. "A 5-10% reduction in peak can be achieved by reducing the use of lighting, HVAC, and non-critical equipment with minimal or no impact on normal business operations. Through Double Return, companies could potentially save over $30,000 annually."

Medium commercial and industrial customers are automatically enrolled in the Double Return program. Hydro One will provide these customers with a detailed energy efficiency guide to assist them with the development and implementation of their electricity reduction plans. In addition, participants will be given access to a secure web site which will provide individual historical peak consumption information as well as their targets for 10% reduction this year. The site will also highlight the day and time when companies reached their peak energy use, so that they can gear their reduction plans to address peak usage.

For customers who require individual assistance to develop a plan to reduce peak demand, Hydro One will provide one-on-one consultations with an energy specialist who will visit their facility and provide a walk through to identify energy savings opportunities.

In conjunction with Double Return, customers can also take advantage of Hydro One's Power$aver Business Incentive Program launched earlier this fall. Specific energy efficiency retrofits may qualify for financial incentives. Incentives are available for new, energy efficient equipment such as lighting, motors, transformers and air conditioners. The Double Return program will run for two, 3-month periods. The winter program starts December 1, 2006 and includes January and February. The summer program will run from June to August 2007. Customers can benefit from savings in one or both periods. For more information about Double Return visit www.HydroOneNetworks.com/DoubleReturn or call 1-877-345-6942.

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Hydro One delivers electricity safely, reliably and responsibly to homes and businesses across the province of Ontario and owns and operates Ontario's 29,000 kilometre high-voltage transmission network that delivers electricity to large industrial customers and municipal utilities, and a 122,000 kilometre low-voltage distribution system that serves about 1.3 million end-use customers and smaller municipal utilities in the province. Hydro One is wholly owned by the Province of Ontario.

For more information and to make arrangements for photography, contact Hydro One Media Relations 24 hours a day at 1-877-506-7584 (toll-free in Ontario only) or 416-345-6868. Our website is www.HydroOne.com.