PowerStream Inc.



PowerStream Inc.

October 12, 2012 11:01 ET

PowerStream Golf Tournament Nets Over $90,000 for the United Way

Total amount raised is the highest ever achieved at successful annual charity event

VAUGHAN, ONTARIO--(Marketwire - Oct. 12, 2012) - PowerStream officials announced today that the utility's annual charity golf tournament, held last month at the Nottawasaga Inn Resort in Alliston, Ontario, netted more than $90,000 for the company's 2012 fundraising campaign in support of the United Way of York Region and the United Way of Greater Simcoe County.

The total amount of money raised this year was the highest ever in the five-year history of the tournament being a charity event. The previous record for the highest amount raised at PowerStream's Annual Charity Golf Tournament was set in 2011, when the event brought in more than $75,000. Since 2008, the golf tournament has generated over $300,000 for the two United Way organizations that PowerStream supports.

The PowerStream tournament has become one of the largest golf events hosted by a utility in Ontario's electricity industry with more than 75 sponsors, 375 golfers and 35 volunteers returning every year. Sponsorships for the 2012 tournament sold out in less than six weeks.

This year's tournament featured the participation of three National Hockey League (NHL) alumni players. Daryl Sittler, who played most of his career with the Toronto Maple Leafs, Frank Mahovolich, who played with both the Toronto Maple Leafs and the Montreal Canadiens and Jim McKenny, who also played for the Toronto Maple Leafs. NHL legends, Sittler and Mahovolich, golfed and assisted in some of the other fundraising activities held during the tournament with McKenny acting as the evening's emcee.

QUOTES

  • "The outstanding support we receive each year from our suppliers and business partners for this golf tournament demonstrates how their values and beliefs are in line with ours," stated Frank Scarpitti, PowerStream Board Chair and Mayor of the Town of Markham. "Helping others through activities that benefit charitable organizations like the United Way is consistent with the values that are embedded in the culture of our company."

BACKGROUND

  • PowerStream is a proud supporter of United Way organizations in both York Region and Simcoe County. Since 2004, annual employee campaigns at PowerStream and its predecessor utilities collectively have raised more than $750,000 for the United Way, with just under one half of it being generated from the golf tournament.

ABOUT POWERSTREAM

PowerStream is the second largest municipally-owned electricity distribution company in Ontario, providing service to approximately 355,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. It is jointly owned by the Cities of Barrie, Markham and Vaughan.

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