Grimsby Power

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Corporate Structure Of Niagara Power Inc.

Niagara Power Incorporated

This is the holding company whose mandate is to report back to the Town of Grimsby, our shareholder on all issues of the subsidiary companies.

Grimsby Power Incorporated

This company is the wires company and is structured to carry out all the regulatory requirements including capital and maintenance work on the plant infrastructure (poles, wires and underground equipment). It is also responsible for the local administration plus the billing and collection function that we had previously done as the former Grimsby Hydro-Electric Commission. It is also the provider of ‘default’ electricity to our customers. ‘Default’ simply means that if a customer does not sign an agreement for power with a retailer, Grimsby Power will continue to provide electricity to these customers at cost.

Grimsby Energy Incorporated

This is a services company exploring green energy and other business opportunities. Their assets are held by Niagara Power.

Grimsby Hydro Incorporated

This is our deregulated businesses company that was set up as our retail affiliate. Grimsby Hydro was primarily in the business of fibre optic telecommunications and related activities. Later the fibre optic assets were sold for shares in a region wide telecommunication business known as Niagara Regional Broadband Networks. Grimsby Hydro maintains a 25% equity ownership in this company with three other utility partners.

Niagara West Transformation Corporation

This company was structured to provide the long-term power requirements for our customers. It is a joint venture with our neighbours, Peninsula West Power. This company is structured to share costs and risks in guaranteeing our customers power requirements. It also assisted in avoiding any conflicts with the OEB Affiliates Relationship Code. This company is becoming a model for others that require new transformer stations in the province and it is the first of its kind.

Niagara West Transformation Corporation is a working example of the foresight of our company’s’ and shareholders’ willingness to work together to provide economies of scale and scope for the mutual benefit of all.