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Appointment Notice — Hydro One Appoints Laura Formusa Acting President and Chief Executive Officer

Toronto - December 8, 2006 — The Hydro One Board of Directors today appointed Laura Formusa Acting President and Chief Executive Officer of Hydro One Inc.

Ms. Formusa most recently held the position of General Counsel and Secretary for Hydro One Inc, having been appointed in 2003. She joined Ontario Hydro in 1980, following her call to the Bar of Ontario. Ms. Formusa has been a member of the Executive Committee and Secretary to the Board of Directors since 2003. She held various senior positions until being appointed General Counsel of Hydro One Networks 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.

The Hydro One Board has also begun a search for a permanent President and CEO.

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For more information, 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.