PowerStream Inc.

PowerStream Inc.

March 26, 2008 14:00 ET

PowerStream's Head Office Looks to Create a First in York Region

Local utility officially opens facility targeting to be LEED® gold certified

YORK REGION, ONTARIO--(Marketwire - March 26, 2008) - Local electricity distributor PowerStream celebrated the official opening of its new, energy-efficient head office today. The opening event, themed "Going for the Gold" corresponds with the company's target for the facility to be the first 'office building' in York Region to achieve LEED® (Leadership in Energy and Environmental Design) gold certification.

The 92,000 square foot facility, located at 161 Cityview Boulevard, (Highway 400 and Major Mackenzie Drive) has been designed with the latest sustainable features, such as high-efficiency heating, cooling and plumbing systems, solar panels, a wind turbine and a storm drainage pond that will be used for landscape watering.

"Our new head office is an achievement which demonstrates the company's commitment to being a leader in conservation and sustainability," said Peter Meffe, Chair of PowerStream's Board of Directors. "By incorporating LEED® features into the construction of the building we will have reduced our own environmental footprint."

In addition to significant annual savings in energy and water usage costs, the head office facility's numerous energy-efficient and sustainable features are expected to save 330,000 kilowatt hours per year, enough electricity to power 48 average sized homes for one year.

Mayors from each of the four municipalities served by PowerStream were on hand to take part in the official opening ceremony. City of Vaughan Mayor, Linda Jackson; Town of Markham Mayor, Frank Scarpitti; Town of Richmond Hill Mayor, David Barrow and Town of Aurora Mayor, Phyllis Morris; all participated in the proceedings, along with several area athletes who are also 'Going for the Gold' including the keynote speaker, three time Olympian and beach volleyball bronze medalist, Mark Heese.

"We want our citizens to see that we are leading by example," said Linda Jackson, Mayor of the City of Vaughan, one of PowerStream's two municipal shareholders. "That is why we are now building a new Civic Centre which is also targeting to achieve LEED® gold certification.

Mayor Frank Scarpitti of the Town of Markham, PowerStream's other municipal shareholder, feels strongly that municipalities must show leadership in conservation and sustainability.

"It is for this very reason we established the Markham Energy Conservation Office and achieved a 70 percent diversion rate of waste through Mission Green and we are proud of the fact that our new downtown Markham Centre is North America's largest LEED Community," Scarpitti said. "Municipalities and electric utilities have to be on the forefront of educating citizens and consumers about conservation and sustainability."

Also in attendance at the event was Peter Love, Ontario's Chief Energy Conservation Officer who presented a 'Certificate of Recognition for Energy Conservation' to Brian Bentz, President and CEO of PowerStream.

About LEED®

LEED® is a rating system and certification program for new and major retrofits of commercial, institutional and high-rise residential buildings that was developed by the US Green Building Council. The Canada Green Building Council is responsible for establishing LEED® Canada, the Canadian version of this building rating system, and is the license holder for the exclusive administration and implementation of LEED® in Canada.

About PowerStream Inc.

PowerStream Inc. is one of the largest local electricity distribution companies in Ontario, providing service to more than 237,000 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.

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