PowerStream Inc.

PowerStream Inc.

September 21, 2010 09:13 ET

PowerStream Named OEA's 'Energy Company of the Year'

Cited for Community, Environmental and Customer Communications Initiatives

NIAGARA FALLS, ONTARIO--(Marketwire - Sept. 21, 2010) - Recognized for best in class performance in several areas of its business, including community involvement, environmental stewardship and customer communications, PowerStream was named 'Energy Company of the Year' by the Ontario Energy Association (OEA) at the organization's annual awards dinner held Monday night at the Sheraton Fallsview Hotel and Conference Centre.

PowerStream officials were presented with the award before an audience of representatives from Ontario's energy industry, including Ontario Minister of Energy, Brad Duguid. The event is held each year as part of the OEA's Annual Conference.

"Our awards selection committee was especially impressed with how PowerStream was able to bring multiple communities with different needs together," Elise Herzig, OEA President and CEO, explained in reference to one of the transition challenges faced by PowerStream following its 2009 merger with the former Barrie Hydro. "It was very apparent that they were adept at understanding and servicing the needs of various stakeholders groups within the company's expanded service territory."

PowerStream's success in bringing communities together was, in part, due to its sponsorship and donations program, which provided support to the Royal Victoria Hospital in Barrie, Markham Stouffville Hospital and the Vaughan Health Care Foundation. The company also made sizeable contributions to Georgian College's Sustainable Technologies Building, the United Way of York Region, the United Way of Greater Simcoe County, Winter Warmth and the Heart and Stroke Foundation.

Examples of PowerStream's environmental stewardship included the company's induction into the Ministry of the Environment's 'Ontario Environmental Leaders Program', building a new operations centre facility that has been targeted to achieve LEED® gold certification, earning the Electricity Distributor Association's 'Environmental Excellence Award', being named 'Smart Commute Employer of the Year' for North Toronto/Vaughan, winning the Ontario Clean Air Alliance's 'PeakBusters Utility Challenge', launching an employee vanpool program and posting exceptional results in the delivery of conservation and demand management programs to customers within its service territory.

The OEA also acknowledged PowerStream for being proactive in customer communications, relating it specifically to an awareness campaign the utility ran across its service territory during the early summer. The 'Power Down Your Summer Electricity Costs' communications initiative gave PowerStream customers advance notice of various factors that were about to impact their bills and provided them with information on how they could mitigate increases.

"It's indeed an honour to be recognized by our peers in the energy industry," said Brian Bentz, President and CEO, PowerStream. "What we have accomplished as an organization can only be achieved to the extent we have a Board of Directors that believes not only in the company's future vision for energy delivery, but also in its people. Luckily for us, we have both."

About PowerStream Inc.

PowerStream is the second largest municipally-owned electricity distribution company in Ontario, providing service to more than 325,000 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 an incorporated entity, jointly owned by the City of Barrie, the City of Vaughan and the Town of Markham.

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