PowerStream Inc.

PowerStream Inc.

November 17, 2006 08:00 ET

PowerStream Launches Pilot peaksaver'TM' Conservation Program

Initiative enables utility and participating customers to manage energy consumption remotely

YORK REGION, ONTARIO--(CCNMatthews - Nov. 17, 2006) - PowerStream customers are being invited to participate in a pilot conservation program which will enable them to manage some of their energy consumption even when away from their homes or businesses.

peaksaver™ is an innovative powerWISE® initiative which assists utilities like PowerStream in reducing the strain on the electricity grid during periods of peak demand and at the same time provides customers with a tool that can help them save on their electricity costs.

When peak electricity demand occurs, typically on hot summer days, the peaksaver system emits a paging signal which reduces the power being drawn by participating customers' central air conditioning units which in turn helps to reduce the amount of electricity needed by the province. Program participants hardly even notice a difference, while doing their part to conserve energy without incurring time, effort or cost. The system also provides participating customers with the ability to control the temperatures of their homes or businesses remotely by being able to change the settings on their thermostats through the Internet.

"The technology used in our peaksaver pilot has proven to be extremely successful at several other North American utilities in helping them to manage peak electricity consumption in their respective jurisdictions," Brian Bentz, President and CEO of PowerStream, explained. "It is one of several conservation programs which received an endorsement by the Ministry of Energy in a recent announcement on future provincial initiatives."

Last week, PowerStream began mailing out letters to a select group of residential and business customers inviting them to become participants in the peaksaver pilot in return for having programmable thermostats, valued at $250 each, installed at no charge. During periods of peak electricity demand, PowerStream may send a signal through these thermostats to adjust the run time of participating customers' central air conditioners, specifically compressors, which will be cycled off for short periods while keeping inside fans continuously operating to maintain the flow of cool air throughout each house or building.

After the peaksaver pilot is completed early in 2007, PowerStream will offer the program to all customers. For additional information please visit www.powerstream.ca/peaksaver or call the program information hotline at 1-866-323-0206.

PowerStream Inc. is one of the largest local electricity distribution companies in Ontario, providing service to more than 225,000 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.

™Trademark of Toronto Hydro Corporation. Used under license.

Contact Information