PowerStream Inc.

PowerStream Inc.

March 26, 2008 14:00 ET

Local Athletes and PowerStream 'Going for the Gold' in 2008

Aspiring Olympians awarded bursaries at official opening of new head office

YORK REGION, ONTARIO--(Marketwire - March 26, 2008) - While athletes around the world continue to train for what they hope will result in gold medals at this year's Olympic Games in Beijing, the management and staff at PowerStream, the local electric utility which services Aurora, Markham, Richmond Hill and Vaughan, also have their sights set on achieving a gold standard, but in another arena.

The 'Going for the Gold' theme was evident today with three time Olympian Mark Heese and four Olympic hopefuls from PowerStream's service territory on hand to assist PowerStream in officially opening its new head office building, a facility which is being targeted to achieve LEED® (Leadership in Energy and Environmental Design) gold certification from the Canada Green Building Council.

Heese, a resident of Aurora, Ontario who recently captured his record 10th National Beach Volleyball Championship and won an Olympic bronze medal at the Atlanta Summer Olympic Games in 1996, spoke about the importance of the environment and the task of adopting a greener approach. In speaking about setting goals to protect the environment he praised PowerStream for the position the company has taken in conservation and sustainability.

"PowerStream's energy-efficient head office establishes a clear vision and a leadership position against a goal that is often sighted as 'unrealistic' - the goal of saving our planet," said Heese. "With PowerStream's goal in mind, the opportunity that now presents itself to others is to hear PowerStream's statement of 'Going for the Gold' and realize we can all, in one way or another, play a role and set gold medal standards to be greener."

In recognition of setting and striving to achieve goals, the mayors from each of the municipalities served by PowerStream, assisted the company in presenting each of the young athletes in attendance with a $1,000 bursary - Linda Jackson, Mayor, City of Vaughan to tennis player Peter Polansky; Frank Scarpitti, Mayor, Town of Markham to gymnast Caya Colling; Dave Barrow, Mayor, Town of Richmond Hill to sprint canoeist Paul Bryant and Phyllis Morris, Mayor, Town of Aurora to aspiring triathlete Ania Batko.

"We felt that it was important for our company to not just simply walk the walk, but to lead the walk. It is our hope that our new head office building will serve as an example to other businesses that may be considering the construction of new facilities in the future," said Brian Bentz, President and CEO, PowerStream. "By incorporating LEED® standards into the construction of this building we will be able to reduce our annual operating costs, contribute to creating a healthier workplace for our employees while at the same time minimizing our environmental footprint."

PowerStream chose to design and construct its new head office building to a Gold LEED® standard. To achieve this end, the new head office facility was constructed with numerous energy-efficient features and several sustainable systems. Later this spring, PowerStream will be submitting an application to the Canada Green Building Council to determine the building's LEED® certification level.

About LEED®

LEED® is a rating system and certification program for new and major retrofits of commercial, institutional and high-rise residential buildings that was developed by the US Green Building Council. The Canada Green Building Council is responsible for establishing LEED® Canada, the Canadian version of this building rating system, and is the license holder for the exclusive administration and implementation of LEED® in Canada.

About PowerStream Inc.

PowerStream Inc. is one of the largest local electricity distribution companies in Ontario, providing service to more than 237,000 residential and business customers in the municipalities of Aurora, Markham, Richmond Hill and Vaughan. It is an incorporated entity, jointly owned by the City of Vaughan and the Town of Markham.

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