PowerStream Receives Excellence, Innovation & Wellness Award

TORONTO, ONTARIO--(Marketwire - Nov. 2, 2012) - PowerStream was recognized for outstanding achievement by Excellence Canada, a not-for-profit, independent organization that assists private and public sector organizations implement programs of excellence, at the 2012 Canada Awards for Excellence held today at the Westin Harbour Castle.

PowerStream was named a Silver Award Recipient for Excellence, Innovation, and Wellness, an award based on Excellence Canada's Progressive Excellence Program^®. The award acknowledges the company's outstanding performance, leadership and commitment to excellence in areas such as innovation, quality, leadership, customer experience, workplace wellness and a Healthy Workplace® as well as being a socially, environmentally and economically responsible corporate citizen.

The achievement is also a result of the company's efforts in attaining Level 2 of the Progressive Excellence Program, an initiative which helps organizations to develop and measure excellence. By participating in the Progressive Excellence Program, PowerStream's goal is to become a best-in-class organization through the implementation of a sustainable management framework for continuous improvement and overall business excellence that supports and aligns with the company's corporate strategy.

QUOTES

• "PowerStream's Board of Directors are extremely proud of our company's many accomplishments over the years but most importantly, we take a deep sense of pride in how we continue to provide customers with safe, reliable and efficient electricity distribution services," said City of Markham Mayor and PowerStream Board Chair, Frank Scarpitti. "Receiving this prestigious award is a testament to the tremendous work being done by the company's management and staff."
  
  
• "It is an honour to be recognized by Excellence Canada with this award," said Brian Bentz, President and CEO, PowerStream. "It demonstrates our commitment to being a leading energy solutions company that provides value to our customers and the communities we serve."
  
  

BACKGROUND

• PowerStream has also been named one of Greater Toronto's Top Employers has won several other employer awards this year including Achievers 50 Most Engaged Workplaces in Canada and a Silver Recipient of Canada's Safest Employers Award in the Transportation and Utilities category by Canadian Occupational Safety.
  
  
• The Excellence, Innovation and Wellness (formerly Quality and Healthy Workplace^®) award category is based on the Excellence Canada Standards for Excellence, Innovation and Wellness. Due to the comprehensive nature of the Standard, organizations cannot apply directly for this award, but must achieve at least Level 2 in the Progressive Excellence Program. Organizations reaching Progressive Excellence Program Level 2 will be eligible for either a Silver certificate, at Level 3 the Canada Awards for Excellence Gold trophy, and at Level 4, the Canada Awards for Excellent Platinum trophy.
  
  

ABOUT POWERSTREAM

PowerStream is the second largest municipally-owned electricity distribution company in Ontario, providing service to more than 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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