Toronto Hydro Corporation Announcement

The Board also announced that it has appointed Anthony Haines, currently the President of Toronto Hydro-Electric System Limited (THESL) to the position of President and Chief Executive Officer of Toronto Hydro Corporation, effective October 1, 2009. Mr. Haines will continue in his role as President of THESL.

Mr. O'Brien has overseen the successful streamlining of the Corporation's operations and has reinforced its commitment to workplace and public safety. He managed the successful sale of Toronto Hydro Telecom Inc. in 2008 and directed the development of Toronto Hydro's award-winning electricity conservation and demand management programs. He also led the development of an industry-leading Corporate Responsibility framework for the company.

Anthony Haines joined the Toronto Hydro Corporation team in 2005 as Chief Administrative Officer and in 2006 was promoted to President of Toronto Hydro Electric-System Limited. "Since coming on board he has strategically restructured the utility and led it through several successful regulatory hearings that have solidified and reinforced the financial strength of the company", said Mr. Copeland.

Mr. Haines has overseen the installation of smart meter and back office data management systems that have enabled THESL to lead the province and all North American utilities in the implementation of time-of-use rates. He has launched a formal Customer Relationship Management program, backed-up by the largest capital construction program in Toronto Hydro's history, involving the upgrading of the electricity grid in neighbourhoods across Toronto.

Mr. Haines has also launched a workforce renewal program, the recruitment of new trades' personnel to replace retiring workers, and has established a deeply-rooted workplace and public safety culture within the utility.

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