MD Overview : This slide runs a self-contained mini-presentation listing the firm’s services.

1. MD Overview : This slide runs a self-contained mini-presentation listing the firm’s services. As the audience begins to arrive for your presentation, you may wish to let this run as an introduction to the firm. To remove this slide, choose Edit, Delete Slide. DO NOT CHANGE THIS SLIDE

2. Presentation Title : To change the picture on this slide, double-click it and choose an image from the MD Pics category in ClipArt. To remove the picture, click on it and press Delete. Task Force on Distributed Generation Steering Committee Members March 5, 2003 George Vegh 416-203-4430 george.vegh@tor.macleoddixon.com

3. Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide. Agenda • Introduction and Background • Reasons for Distributed Generation (Mark Wolnik, Markham Energy Corporation) • DG & Distribution Companies (Darius Vaiciunas, Collingwood PUC)

4. Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide. Agenda • Toronto Hydro’s Perspective on DG (Richard Lu and Joe Bailey, Toronto Hydro) • Next Steps -- Open Discussion

5. Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide. The Industry Task Force • The Task Force is an ad hoc voluntary association of people and institutions interested in issues respecting the development of distributed generation. • It is open to all who wish to contribute to the energy required to address these issues.

6. Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide. The Industry Task Force • Task Force activities moved forward by Steering Committee • Steering Committee will take comments made by Task Force Members and circulate proposed positions on DG issues for circulation among Ministry, OEB, IMO and other interested agencies.

7. Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide. Context • Distributed Generation • small -- typically less than 10 MW • local -- close to load • decentralized -- connected to distribution, but not centrally planned • smart -- complements, but will not replace power stations and transmission grids

8. Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide. Future of Distributed Generation • Part of the solution to Energy Challenge • U.S. Department of Energy has targeted that 20% of all new capacity in the U.S. (30 GW) to be satisfied by DG by 2010. • Gas Technology Institute projects expenditures of $10 billion (U.S.) in DG capital expenditure by 2015.

9. Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide. Policy Barriers to DG • National Association of Regulatory Utility Commissioners: • burdensome distribution system operating requirements • bundled distribution tariffs • market power in generation • ambiguous regulatory authority

10. Sample Bullets : Replace the text in each bullet with your own information. To create another slide with the same layout, choose Insert, Duplicate Slide. The Way for Ontario • The presence or absence of distributed generation will have an impact on the future of Ontario’s energy needs. • Task Force Members believe that we are all better off to start shaping that future now.