Toronto Hydro-Electric System Limited

Toronto Hydro-Electric System Limited
Toronto Hydro Corporation

Toronto Hydro Corporation

June 12, 2007 06:00 ET

Toronto Hydro-Electric System Limited Seeks Major Summer Conservation Effort From Toronto Businesses

TORONTO, ONTARIO--(Marketwire - June 12, 2007) -

Attention: Business and Assignment Editors

Today, David O'Brien, President and CEO of Toronto Hydro Corporation will launch the "Summer Challenge for Business" program while speaking at the Conservation Forum for Business Leaders. Summer Challenge for Business is a simple, high-impact conservation program that provides incentives for Toronto businesses that cut their electricity use during the hot months of July and August.

Mr. O'Brien will note that last year, Toronto Hydro-Electric System had great success with the Summer Challenge for our residential customers. Over 28 per cent of residential and small commercial customers reduced their electricity use by at least 10 per cent, compared to the previous year, and in return, received an additional 10 credit on their fall bill, effectively doubling their savings. So this year, business customers have the opportunity to take the same challenge.

The Summer Challenge for Business is structured in a similar fashion. Businesses are encouraged to reduce their use of air conditioning, look to their lighting for electricity-reduction opportunities and, for those who have special equipment, consider tune ups to ensure the best possible energy efficiency.

By taking conservation actions throughout the months of July and August, businesses should be able to meet the target of using 10 per cent less electricity, compared to the same time period last year, and earn their 10 per cent credit. For example, an average small store has the potential to receive $50, while a large, 20-story building could receive a credit of approximately $43,000. Overall, the targeted savings for this entire program is 42 Megawatts, with potential incentives totalling over $6.4 million.

Mr. O'Brien will note that the program is available to all eligible Toronto Hydro-Electric System business customers, from the smallest local corner store to the leading property management companies that operate the skyscrapers in the heart of the city's financial district.

"We consulted with businesses in the City of Toronto before launching this program and we received extremely positive feedback," says Richard Lu, Vice President, Environment, Health and Safety, and Chief Conservation Officer for Toronto Hydro Corporation. "Many of our customers are confident they can reach their goal just by keeping a sharper eye on their controls."

The program will appeal to customers because of its simplicity - there's no need to sign up and in many ways it doesn't require any investment. All eligible business customers are automatically enrolled. Toronto Hydro-Electric System will record electricity use as usual (for billing purposes), then apply a weather-data formula to correct for weather variance. This will determine whether the 10 per cent savings were achieved.

Mr. O'Brien will note that this is an opportunity for businesses to play their part in the conservation culture. For those that achieve the target, Summer Challenge for Business will contribute directly to the bottom line. And they can be proud that they've helped the environment and reduced the load on Toronto's electrical grid during the summer months.

For more information on the Summer Challenge for Business program, visit www.torontohydro.com/bizchallenge. For more information on other conservation programs offered by Toronto Hydro-Electric System Limited, visit www.torontohydro.com/powerwise.

About Toronto Hydro Corporation:

Toronto Hydro Corporation operates the following three affiliates:

- Toronto Hydro-Electric System Limited

Toronto Hydro-Electric System Limited is the regulated "wires" affiliate and is one of the largest municipal electric distribution utilities in Canada, delivering electricity to a broadly diversified, economically robust, residential, commercial and industrial customer base in the City of Toronto. The utility serves more than 676,000 customers.

- Toronto Hydro Energy Services Inc.

Toronto Hydro energy Services Inc. (TH Energy) is engaged in providing energy efficiency; street lighting; and common space lighting services to commercial, institutional, municipal and industrial customers throughout Ontario. In addition, TH Energy operates street lighting services for the City of Toronto and is involved in the development and operation of renewable energy generation projects.

- Toronto Hydro Telecom Inc.

Toronto Hydro Telecom Inc. provides innovative data communications and WiFi services to many of Canada's leading business and institutions.

For more information, please visit their website at www.torontohydro.com.

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