PowerStream Inc.

PowerStream Inc.

July 28, 2011 14:39 ET

Nissan Canada Turns Over New LEAF™ to PowerStream

First Canadian delivery of 100% electric, zero gas, zero tailpipe vehicle

VAUGHAN, ONTARIO--(Marketwire - July 28, 2011) -

Editors Note: There is a photo associated with this press release

PowerStream and Nissan Canada celebrated the automaker's first Canadian delivery of a Nissan LEAF™, "100% electric, zero gas, zero tailpipe", vehicle to a customer today as the municipally-owned electric utility took possession of two Nissan LEAFs™ the company ordered earlier this year.

The Nissan LEAF™ is the world's first zero emission, all-electric car made for the real world driving needs of consumers. With no tailpipe and no CO2 emissions, the Nissan LEAF™ has a range of 160 kilometres (LA4 test cycle) on one full charge providing 90% of Canadian consumers with the range they need for their daily commutes.

PowerStream will be adding the two Nissan LEAFs™ to its fleet for use in conjunction with the company's electric vehicle smart charging station pilot program. By using the Nissan LEAF™ with smart charging technology, PowerStream is identifying the most cost effective means to control the electrical loading of its distribution system assets resulting from the advent of electric vehicle technology.

Nissan and PowerStream are companies who practice and promote sustainability as a means of protecting the environment. The Nissan LEAF was recently named the 2011 World Car of the Year while PowerStream has been recognized by several organizations, including the Ministry of the Environment, as being one of Ontario's environmental leaders.

"As leaders in our respective industries who share a common commitment to protecting the environment, it's fitting that PowerStream and Nissan Canada are joining forces here today to officially introduce this new and exciting vehicle into the Canadian marketplace," said Frank Scarpitti, PowerStream's Board Chair and Mayor of the Town of Markham.

"The Nissan LEAF, powered only by electricity, is a testament to the new frontier that is just beginning to unfold in automotive transportation," added Scarpitti. "We commend Nissan for their foresight and look forward to using our new LEAFs as a means of testing the impact of electric vehicles on our distribution grid."

"Electricity is the new fuel for cars, and drivers have the freedom to choose a future with no tailpipe emissions or dependence on fossil fuels," said Allen Childs, President of Nissan Canada Inc. "This Nissan LEAF delivery is just the beginning of the sustainable mobility movement in Canada."

PowerStream and Nissan continue to find more sustainable ways of conducting business while delivering environmentally-friendly products and services to their respective customers. By taking possession of the first two new Nissan LEAFs™ sold in Canada for fleet use, PowerStream has once again demonstrated alignment with its stated vision of being "a socially responsible company, committed to the environment and sustainable growth, leading the way into the future with boldness, innovation and best in class performance".

About PowerStream Inc.

PowerStream Inc. is the second largest municipally-owned electricity distribution company in Ontario, providing service to more than 330,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. The communities served include Alliston, Aurora, Barrie, Beeton, Bradford West Gwillimbury, Markham, Penetanguishene, Richmond Hill, Thornton, Tottenham and Vaughan. PowerStream is jointly owned by the City of Barrie, the City of Vaughan and the Town of Markham.

About Nissan Canada Inc.

Nissan Canada Inc.(NCI) is the Canadian sales, marketing and distribution subsidiary of the world's fourth largest auto making group, one of the most globalized of all automakers, doing business in 187 countries, and manufacturing vehicles at more than 20 factories in North and Latin America, Europe, the Middle East and Asia. With offices in Vancouver (BC), Mississauga (ON), and Kirkland (QC), NCI directly employs 250 full-time staff. There are 171 independent Nissan dealerships and 29 Infiniti retailers across Canada.

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