ONTARIO'S LARGEST ELECTRICITY AND GAS COMPANIES JOIN FORCES TO HELP BUSINESS
CUSTOMERS SAVE ENERGY

TORONTO, Nov. 5 /CNW/ - Ontario's largest electricity and gas distribution companies have delivered a joint 'call to action' to Ontario's largest businesses, saying the time to reduce the Province's overall energy load and invest in new energy conservation programs is now.

At the Energy into Action event, the group of companies known as the Coalition of Large Distributors outlined a framework designed to help business customers reach their energy savings goals -- announcing the launch of new energy conservation incentive programs that aim to provide gas and electricity saving opportunities and seeking input on the improvement of existing programs, as well as the design of future energy conservation programs.

According to targets proposed by the Ontario Power Authority, by 2014, the Province's largest electricity distribution companies must reduce electricity consumption by 3,900 gigawatt-hours and peak demand by 860 megawatts - roughly 66 per cent of total electricity savings for the Province. Gas distribution companies are currently working with the Ontario Energy Board to establish their targets for 2012 forward.

"In recent years, the electricity and gas sectors in Ontario have demonstrated their leadership by putting energy conservation on the public's radar screen and delivering significant energy reductions in the residential sector," said Anthony Haines, President and Chief Executive Officer, Toronto Hydro Corporation. "We're delighted to be in a position to help the Province move to the next level by offering a coordinated portfolio of energy conservation programs designed specifically to help business customers continue the momentum. It's the first time in our history that we have worked so closely together to deliver such ambitious results."

Details about the new programs, which are in the final stages of development and will be launched January 1, 2011, include:

• A range of financial incentives for pre-approved energy conservation retrofits for commercial, industrial, retail and multi-residential projects, as well as for new construction projects;
• Incentives from $400 per kilowatt for lighting retrofits to $800 per kilowatt for cooling/heating improvements;
• Incentives of $0.20 per kilowatt-hour of annualized savings up to a maximum of 70 per cent of the total project cost;
• Demand reduction programs with one-time rebates as well as ongoing incentives each time businesses cycle down during peak times.

Details about how these and existing energy conservation programs may be implemented are available through the Conservation and Demand Management/Demand Side Management offices at each local utility.

"This event marks the start of further collaboration on energy efficiency initiatives by Ontario's largest natural gas and electricity utilities," said Janet Holder, President, Gas Distribution at Enbridge. "Our nine organizations are coming together in a shared commitment to helping Ontario meet its energy conservation goals and helping businesses minimize their costs and environmental footprint at the same time."

Commenting on the many benefits that accrue from businesses with focused energy conservation strategies, Energy into Action keynote speaker Tom Rand, Practice Lead, Cleantech and Physical Sciences at the MaRS Discovery District said: "The intelligent use of energy is a cornerstone of the low-carbon economy and the emerging smart grid. Clear value propositions allow energy users to squeeze more profit from their existing asset base, but also enable them to play a key role in the biggest challenge of our generation: that is, how do we transform our economy to a low-carbon diet?"

Energy into Action marks the first time that Ontario's largest electricity and gas distribution companies have come together to help drive the Province of Ontario's energy conservation agenda forward. The Coalition of Large Distributors was established in 2005 by Toronto Hydro-Electric System Limited, PowerStream, Hydro Ottawa, Enersource, Horizon Utilities and Veridian Connections, with Hydro One, Enbridge Gas Distribution and Union Gas joining earlier this year. Together, the Coalition of Large Distributors serves 80 per cent of Ontario's electricity customers and almost all of the Province's natural gas customers.

Veridian Connections Inc. safely and reliably delivers electricity to more than 113,000 customers in the Cities of Pickering and Belleville, the Towns of Ajax, Port Hope and Gravenhurst, and the communities of Uxbridge, Bowmanville, Newcastle, Orono, Port Perry, Beaverton, Sunderland and Cannington. Veridian Connections Inc. is a wholly owned subsidiary of Veridian Corporation. The City of Pickering, the Town of Ajax, the Municipality of Clarington and the City of Belleville jointly own Veridian Corporation.

For further information:

Chris Mace
Sales & PR Representative - Corporate Communications
Veridian Connections Inc.
905-427-9870, extension 2218

Martha Lynch
ML & CO. Corporate Communications
416-698-6644
[email protected]