Hydro One appoints acting president and CEO

Toronto, Ontario, Dec. 12, 2006 — The Hydro One board of directors appointed Laura Formusa acting president and CEO of Hydro One Inc.

Formusa most recently held the position of general counsel and secretary for Hydro One Inc, having been appointed in 2003. She joined Ontario Hydro in 1980, following her call to the Bar of Ontario. Formusa has been a member of the executive committee and secretary to the board of directors since 2003. She held various senior positions until being appointed general counsel of Hydro One Networks in 2000.

The Hydro One Board has also begun a search for a permanent president and CEO.

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