Municipal Electric Association moves forward with new name and mandate

TORONTO, Oct. 23, 2001 — The Municipal Electric Association (MEA) announced today that Association members have unanimously approved the by-law to change the Association’s name to the Electricity Distributors Association (EDA) and move forward with the Association’s new strategic mandate of advocacy, provisioning of information, and networking opportunities for local electricity distribution company members.

“In a very short period, local electricity distributors have had to transform themselves from monopolies into commercial entities, to merge and amalgamate, to establish new lines of business, and to get ready for the coming of competition,” said Charlie Macaluso, Chief Executive Officer, EDA. “EDA will champion the development and maintenance of an environment in which electricity distribution companies can successfully achieve their individual business objectives, with minimal yet fair and effective regulation.”

Adds David Sinclair, Chairman, EDA and President and Chief Executive Officer, Kenora Hydro Electric Corp. Ltd., “The unanimous decision, by Association members, to move forward with the new mandate reaffirms the need for local electricity distributors to have their own effective voice in influencing government policy and regulation. The Association’s new focus ensures members are ready to meet the challenges of the competitive electricity industry today, tomorrow and for years to come.”

The Electricity Distributors Association (EDA), formerly known as the Municipal Electric Association (MEA), is the voice of Ontario’s electricity distributors, the publicly and privately owned companies that safely and reliably deliver electricity to Ontario homes, businesses and public institutions. The EDA provides members with advocacy and representation in the legislative and regulatory environment and electricity market in Ontario. For more information about the Electricity Distributors Association, go to www.eda-on.ca.

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