Archives

Hydro One honoured as one of Canada's Top 50 Corporate Citizens: Third ranked utility in Canada

June 26, 2007 — Hydro One has been recognized by Corporate Knights magazine as one of Canada's Top 50 corporate citizens.

Hydro One's conservation and demand management program was cited as one of the reasons the company was ranked 26 out of Canada's top 50 corporate citizens, and third among all Canadian utilities. Hydro One's work leading the way on Ontario's smart meter program and success in drawing 880,000 customers to its conservation programs were mentioned at the awards ceremony.

Hydro One was ranked third among utilities in Canada across a variety of indicators and "We are proud of this recognition and our high ranking among utilities in Canada," said Laura Formusa, Acting President & CEO. "Being a good corporate citizen means doing the right thing. Recognition for our efforts confirms that we are moving in the right direction and will encourage us to continue the good work."

The ranking for Best 50 Corporate Citizens is based on environment, social and governance indicators. The information is gathered and the final rankings and methodology were reviewed by the accounting firm Deloitte.

Winners were described by Corporate Knights as companies that are doing the best job at fulfilling their end of the social contract and managing their specific environmental, social and governance performance when going head-to-head with their sector peers.

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.

- 30 -

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.