Hydro One Appoints President and CEO

    TORONTO, Nov. 23 /CNW/ - Rita Burak, Chair of the Board of Directors of
Hydro One Inc. announced today the appointment of Laura Formusa to the
position of President and CEO, Hydro One Inc.
    Ms. Formusa was appointed acting President and Chief Executive Officer of
Hydro One Inc. on December 8, 2006. Prior to holding this position, she 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. Ms. Formusa has been a member of the Executive Committee since
2003 and has previously served as Secretary to the Board of Directors. She
held various senior positions until being appointed General Counsel of Hydro
One Networks Inc. in 2000. Ms. Formusa earned her Bachelor of Laws degree at
Osgoode Hall Law School and was admitted to the Law Society of Upper Canada in
    "As Hydro One enters one of its most significant building phases in more
than twenty years, Laura's legal and regulatory background, combined with her
knowledge of our business makes her the right choice," said Rita Burak, Chair
of the Board of Directors. "In addition to her experience, Laura has proven
herself to be an adept leader, a consensus builder and one of Hydro One's most
dedicated employees."

    Hydro One Inc. is a holding company that operates through its
subsidiaries in electricity transmission and distribution and telecom
businesses. One of its subsidiaries, Hydro One Networks Inc., operates one of
the largest transmission and distribution systems in North America. Hydro One
Inc. is wholly owned by the Province of Ontario.

For further information:

For further information: Peter Gregg, Vice President, Corporate and
Regulatory Affairs, (416) 345-6072

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