Newsroom

    TORONTO, June 22 /CNW/ - Hydro One announced today that it is has been
named Canada's Top Corporate Citizen in Corporate Knights Magazine's annual
ranking of the best 50 corporate citizens in the country. Corporate Knights
Inc. is an independent Canadian-based media company that publishes the world's
largest circulation magazine with an explicit focus on corporate
responsibility.
    Corporate Knights defines ranked companies as companies that fulfill
their part of the social contract, while innovating solutions to pressing
social and environmental challenges of our time. The Corporate Knights Best 50
Ranking is based on environment, social and governance indicators found in the
public domain. Baseline indicators included diversity, pension quality and
health, board independence, amongst others. This year, aboriginal relations
were also weighed as an indicator.
    "Hydro One and all its employees are pleased and proud to be named
Canada's number one corporate citizen," said Laura Formusa, President and CEO
of Hydro One. "We recognize that as the steward of Ontario's transmission
system, we operate within a public trust and we work hard to maintain that
trust."
    "Our repeat ranking with Corporate Knights is a testament to our
commitment to corporate citizenship," added Ms. Formusa. "I want potential
employees to say, "Now that is a company I want to work for," and for our
customers to say, "Now that is a company with which I feel good about doing
business."

    Hydro One delivers electricity safely, reliably and responsibly to homes
and businesses across the province of Ontario and owns and operates Ontario's
29,000 kilometre high-voltage transmission network that delivers electricity
to large industrial customers and municipal utilities, and a 123,000 kilometre
low-voltage distribution system that serves about 1.3 million end-use
customers and smaller municipal utilities in the province. Hydro One is wholly
owned by the Province of Ontario.