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Message from the Chair and CEO
Leadership
Reliability
Safety First
Valuing Customers
Innovation
Renewable ENERGY
Conservation
Keeping The Lights On
Spirit of Giving
The Future Of Our Industry
Auditors’ Report
Corporate Governance
enersource
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I L L U M I N A T E D
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W

Message from the Chair and CEO
To be considered a leader or an innovator, you must constantly
strive to be the best, adapt quickly to changing environments
and ensure your entire organization is in step with the plans
for the future. We believe our team at Enersource has had a very
successful year doing just that. How did we do it? We had a plan.
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Enersource Corporation’s strategy is anchored by key strategic objectives and driven by a tactical roadmap
that translates these corporate objectives into personal goals and accountabilities throughout the entire
organization. Our plan is comprehensive yet concise: drive technical innovation, heighten customer and
stakeholder engagement and enhance shareholder value.
As a result of fulfilling these strategic objectives, Enersource has further solidified its position at
the forefront of Ontario’s electricity distribution sector, and is recognized as an industry leader.
Our 2008 Annual Review will bring to light several key strategic successes that were realized in areas
such as safety, technical innovation, communications, financial stewardship and stakeholder relations.
Operationally, Enersource Hydro Mississauga continued its legacy of world-class reliability with
a company record-setting 19.7 minutes of average outage time per customer in 2008.
Last year, Enersource invested more than $49 million in critical distribution infrastructure assets, with
a focus on system reliability, customer care, growth and smart grid technologies including the Integrated
Operating Model and smart meters. We surpassed the 100,000 smart meter installation milestone and
our ongoing investment in smart meters will provide all of our customers with the information technology
to better understand their power usage and manage their energy consumption patterns to reduce costs.
Our quest for excellence continues and through the continued commitment of our employees and
with the support of our Board of Directors and shareholders we anticipate much success in 2009.
On behalf of the Board of Directors and the Executive Management Team, we wish to thank
our valued customers and recognize the talent and dedication of our employees.
Signed,
Norman B. Loberg, Chairman
Craig Fleming, President and Chief Executive Officer
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W

This year, Enersource strengthened the executive team to increase
the depth of experience and continue to deliver strong corporate
leadership internally and externally. We also recognized Mayor
Hazel McCallion for her 38 years of service as a Hydro Commissioner
and a Board Member of Enersource Corporation.

Enersource executives (from left to right)
Michael Matthew, Raymond Rauber, Sonja
Potocnik, Craig Fleming, Jo Ann Morello,
Norman Wolff and Dan Pastoric
Craig Fleming: President
and Chief Executive Officer
Craig Fleming was appointed to the position
in December 2007. Formerly Mr. Fleming
held the position of Executive Vice President
and Chief Financial Officer. Throughout
his 19-year career with Enersource, Mr.
Fleming has demonstrated strong strategic
leadership and was instrumental in the
growth and transition of Enersource into
a successful commercial enterprise.
Norman Wolff: Executive
Vice President and Chief
Financial Officer
Norman Wolff supports the growth and
success of Enersource with a disciplined
approach to corporate strategy development
and financial planning.
Mr. Wolff was appointed to this role
in February 2008. Prior to this appointment,
he occupied the role of Controller and
was responsible for financial planning
and reporting for both regulated and
unregulated business operations. Mr.
Wolff joined Enersource in December
2001 as Manager, Financial Services.
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W

Dan Pastoric: Executive
Vice President and Chief
Operating Officer
In October 2008, Dan Pastoric joined the
Corporation as Executive Vice President
and Chief Operating Officer following the
retirement of past COO Roland Herman
after 19 years with Enersource. Mr. Pastoric
brings solid senior executive expertise
within the industry that includes both the
public and private sector. Mr. Pastoric leads
Enersource Hydro Mississauga (EHM)
strategy, operations and investments.
He is responsible for directing the safe
and efficient operations of EHM, ensuring
continued strong financial performance
and maintaining full regulatory compliance.
Hazel McCallion:
Recognition of Service
In October 2008, Enersource Corporation
officially dedicated a state-of-the-art municipal
substation in Streetsville in honour
of Mayor Hazel McCallion’s 38 years of
service as a Hydro Commissioner and
Board Member.
Mayor McCallion plays a major role
in overseeing the growth and strength
of Mississauga’s power infrastructure.
She first began her service as a Hydro
Commissioner with the Streetsville Public
Utility Commission in 1970 and then
served as a Commissioner with the
amalgamated Mississauga Hydro Electric
Commission. She continues to serve on
Enersource Corporation’s Board of Directors.
The Hazel McCallion Municipal Substation
was designed to fit into the streetscape and
blend with neighbourhood surroundings.
The Substation has a capacity of 40 megawatts
and distributes electricity to several
thousand customers in the village of
Streetsville and its surrounding areas.
The substation is fittingly dedicated to
Mayor Hazel McCallion’s leadership and
invaluable contribution to the successful
operation of Enersource as one of the safest
and most reliable distributors of electrical
power in Ontario.
At left, Mayor McCallion and members of her
family were on hand for the dedication ceremony.
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W

Customers must be able to rely on a stable source
of electricity. In 2008, Enersource Hydro Mississauga
experienced one of the best years on record for
providing world-class reliability to our customers.

SYSTEM Average Interruption duration per Customer
NOTE: In 2007 the enersource average of 38.7 minutes was substantially
lower then the Ontario utility average of 175 minutes. THIRTY Minutes
represents a World-Class Benchmark.
40
30
20
19.7 MINUTES
10
0
2003 2004 2005 2006 2007 2008
Dan Pastoric (above right) examines part
of the distribution system in the Enersource
control room along with operators Antonio
Muraca (left) and Tony Carnavale (right).
It is through critical infrastructure investments,
strategic engineering focus and
extremely dedicated operational and field
staff that we raised our reliability performance
dramatically over 2007. In 2008,
our average system outage duration of 19.7
minutes per customer annually is considered
outstanding for the electricity sector.
In 2007, the Enersource average system outage
duration per customer of 38.7 minutes
was also substantially lower than the Ontario
utility average of 175 minutes, according
to industry information collected by the
Electricity Distributors Association.
EHM’s engineering, operations and
maintenance functions align to identify
and address distribution system requirements
and implement key projects to
fulfill current and future customer
demands. Over the last few years, we
have added additional capacity to our
distribution system to accommodate
customer growth. The City of Mississauga’s
electricity demand is growing at a rate of
two to three percent annually. We will
continue with our strategic approach to
sustain world-class reliability.
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The health and safety of our employees and the public at
large is paramount. Enersource is proud of the outstanding
safety record we hold in the Ontario electric utility industry.
Successful as we have been, we are still striving to improve
— one day at a time.

Safety is a culture
that we instilL in all
Construction Supervisor Rob Elliot explains safe
work procedures to some of our outside personnel.
of our employees and
through our work in
the community at large.
Each year, we undertake an aggressive
training regime to ensure our frontline
personnel are using the best and safest
industry practices and equipment.
Trades and technical employees participate
in comprehensive annual training that
includes reviewing electrical utility safety
rules, work area protection, gas detection
training and first aid training.
Children young and old can access a recent
addition to our website called Electrical Safety
World, which was designed to teach kids —
in grades three through seven — how to make
good choices about electricity consumption and
safety. The site engages children’s imaginations
and enhances their science education with
interactive games, fun experiments and handson
learning activities, so that they gain insight
into how to prevent injuries and stay safe.
We also believe that employee health and
wellness play an integral role in maintaining a
strong safety record. All employees can access
employee health and wellness program offerings
that support healthy lifestyles.
The Voltinator will spark
children’s imaginations
when they check out
Electrical Safety World.
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W
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Enersource is committed to best practices to ensure a high
degree of customer satisfaction. We do this through analyzing
and responding to changing customer needs so we can deliver
exceptional service and build strong, sustainable relationships.

90%
of customers are satisfied
with our service
Enersource personnel work 24/7 to ensure a
safe and reliable electricity distribution system.
Customer Satisfaction
Survey Provides Positive
Feedback
Again this year, Enersource participated in
the Electric Utility Customer Satisfaction
Survey, referred to as the UtilityPulse Survey.
The survey assists us to better understand
customer views, changing requirements
and to examine how to continuously
improve customer service at every level of
the utility. The survey demonstrated that
90% of Enersource customers are satisfied
with our service, which represents an
improvement of 1% over the previous year.
World-Class
Reliability at
Affordable Rates
The electricity industry is one of the
most regulated industries in Ontario.
When Enersource submits annual rate
applications to the Ontario Energy
Board, we must justify how the utility’s
capital investments and operational requirements
directly serve our customers.
We balance needs of our distribution
system’s growth requirements with keeping
our residential delivery rates among the
lowest in Ontario.
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The ways we monitor, meter and deliver safe, affordable and
reliable electricity are constantly changing through new,
innovative technologies. At Enersource, we pride ourselves
on pursuing technological innovation THAT positions
Enersource as a leader in automation and business efficiency.

Integrated Operating
Model: Making A Good
System Better
In September, Enersource successfully
implemented a new electrical distribution
operations system that introduces leading-edge
technology in the electricity industry. The
Integrated Operating Model (IOM) will
ultimately establish a single interface for
operators and engineers to view and operate
the distribution system. Using real-time map
updates and streamlined work flows, the
IOM will provide analysis, outage probability
modeling and automated restoration capabilities.
The result will be greatly improved planning,
rapid response times and the delivery of greater
overall system efficiency.
Customer Care and Billing
System: Working Efficiently
For Our Customers
Since de-regulation, the maintenance of
Customer Care and Billing (CC&B) systems
has become a significant business risk driven
by constant changes in regulation requiring
programming updates that support new
regulatory requirements.
Enersource is jointly implementing a CC&B
system with Toronto Hydro. Historically,
distribution companies in Ontario have
implemented CC&B systems independently.
This partnership allows Enersource to align
key processes with Toronto Hydro and realize
economic synergies. This will ensure that we
conform to the Ontario market requirements
as well as improve efficiencies in the areas
of customer management and regulatory
compliance as part of the base functionality.
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Smart Meters: Forging
Ahead On Smart Meter
Deployment
Smart metering, an Ontario Government
initiative, calls for electricity distribution
companies to replace conventional mechanical
meters with smart meters that record how
much energy is used and when it was used.
When the smart meters are integrated with
the provincial data management system and
our new CC&B system, variable electricity
rates will be applied during different times
of the day, allowing Time-of-Use (TOU)
electricity rates. In 2008, TOU rates were
not yet widely operational.
TOU pricing is intended to empower
customers to adjust their electricity use
during peak times and shift usage to
off-peak times, when the cost of electricity
is lower. Enersource has implemented a
multi-faceted customer communication
program to support the smart metering
deployment.
By the end of 2008, there were more than
100,000 smart meters installed, with the
remaining installations to be completed
by the end of 2010.
The residential customer communications
program includes components such as door
hangers, open houses, Web information and
distribution of educational materials including
our video entitled “Smart Avenues.”
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2007
61,000
2010
35,000
2008
40,000
2009
35,000
Smart meters are being rolled out in four phases
across Mississauga. The project is scheduled to
be completed in 2010.
A collection of old meters ready for Enersource’s
recycling program.
All of the old mechanical
meters are fully recycled
To support the advanced communication
capabilities of the smart meters, Enersource,
in partnership with Rogers Wireless, has
deployed the largest wireless IP-based meter
data communications system in North
America. Our industry-leading system is
reliable, secure and cost-effective, which
benefits our customers. Enersource is well
positioned to complete the deployment of
smart metering technology on schedule with
the ability to deliver TOU rates when they
are implemented by the Ontario Government.
With plans to replace over 185,000 meters
by 2010, Enersource set a goal to completely
recycle all the old meters and divert tons
of waste away from landfills. This process
includes carefully removing the glass lens
for it to be shredded and recycled; separating
the components inside the meters by commodity
(aluminum and copper); and selling
each commodity separately to smelters and
mills. Even the boxes and pallets that the
smart meters are shipped in are recycled!
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At Enersource, reducing our carbon footprint is not just something we
talk about — we’re doing it! This year, we were partners in two landmark
energy generation projects. These are just two initiatives that Enersource
has undertaken over the past three and a half years as part of our $12.5
million investment in conservation. Renewable energy projects are beginning
to take hold throughout Ontario, and while they may be smaller in scale,
collectively they will form a critical component of the provincial
electricity supply infrastructure mix.

Region of Peel:
Solar Flairs Technology
In partnership with the Region of Peel,
Enersource unveiled nature-inspired
photovoltaic (PV) Solar Flairs technology
in July at the Clarkson Wastewater Treatment
Facility. Crystalline PV technology, based
on solar cells, converts sunlight into clean
electricity. In addition to enhancing the
surrounding landscape along the lakeshore
with its unique sunflower design, the nine
pole-mounted structures are the first model
of its kind to be installed in Canada.
Enersource’s goal in funding half of the
investment in this generation plant was
two-fold: to produce clean energy and to
inspire the public to study renewable energy
alternatives to reduce their carbon footprint.
Other contributors to the project included
the Ontario Electrical Construction Company
Limited, Ontario Clean Water Agency,
MCW Custom Energy Solutions, Conergy
Canada and Lake Michigan Wind & Sun.
Nature-inspired photovoltaic (PV) Solar Flairs
technology at Clarkson Wastewater
Treatment Facility.
Hershey Centre:
Producing Clean Energy
The roof of the Hershey Centre is now
home to 144 photovoltaic panels that form
the largest solar energy generation project on
a City building. Enersource and the City of
Mississauga partnered to install the system,
which produces 25 kilowatts of electricity
at peak output. The energy is sold to the
Ontario grid, generating revenue of approximately
$11,250 per year. This facility will
reduce carbon dioxide emissions by 25,000
kilograms per year for approximately 25 years.
Visitors to the Hershey Centre Arena and
the adjacent Hershey SportZone can also
view the solar production data and learn
more about solar energy on computer monitors
installed in the lobbies of both venues.
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There is an abundance of opportunities when it comes to participating
in the many business and residential conservation programs available
to Enersource customers. From adjusting your air conditioner
through the peaksaver ® program to improving your company’s
energy efficiency through our ERIP incentives or simply shutting off
the lights when you leave a room, everyone has an opportunity to
conserve energy.

PowerHouse puts the power of
renewable technologies in the hands
of residential customers by offering
zero-interest loans or rebates on
approved renewable technologies.
PowerHouse Program:
Green Energy Through
Financial Incentives
Last May, Enersource partnered with
the Ontario Ministry of Energy and
Infrastructure, Hydro One Networks
and Hydro One Brampton to launch an
innovative new pilot program that helps
customers to save on their energy costs,
while also helping the environment. The
PowerHouse Program gives residential
homeowners access to zero-interest loans
ranging from $2,000 to $50,000, or a
rebate for installing qualifying renewable
electricity generation technologies, including:
• solar photovoltaic panels
• solar water heating systems
• geothermal energy systems
• small wind turbines
This program provides residents with a
substantial financial incentive to invest
in renewable energy and to contribute
to the culture of conservation in Ontario.
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Enersource Hydro Mississauga Services Inc. (EHMS) is a commercial
affiliate of Enersource Corporation that is responsible for the
maintenance and operation of more than 85,000 street lights in
Mississauga and Brampton in addition to servicing privately owned
distribution systems.

Lead Hand Rob Scott performs maintenance on one
of the cobra head-style street lights in Mississauga.
With more than nine decades in the
street lighting business, Enersource has an
exceptional record of safety and reliability serving
Mississauga and has grown to deliver customized
street-lighting solutions tailored to
the unique needs of municipalities.
In late 2008, Enersource Hydro Mississauga
Services Inc. (EHMS) entered into a new
five-year street light system maintenance
agreement with the City of Mississauga.
EHMS was also the successful bidder to
provide street light system maintenance
services for a two-year period with the City
of Brampton beginning January 1, 2009.
EHMS was selected to perform services for
the City of Brampton based on experience
in maintenance, relevant regulation, inspection
and contract administration.
Another EHMS division, Enersource
Technologies, has been very successful
in serving key markets to design, build,
maintain and operate privately owned
distribution systems. Major customers
include the Greater Toronto Airports
Authority and the University of Toronto’s
Mississauga campus.
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Enersource Corporation’s Spirit of Giving program is our commitment
to the community we serve through the financial support of charitable
organizations and employee volunteerism. We are excited and proud
to support a wide variety of charitable organizations in Mississauga
with a focus on the areas of health, safety, environment and community.

2008 United Way Campaign volunteers Nadine Ross
(left) and VP of Human Resources Jo Ann Morello
assisted in one of the many fundraising activities.
In 2008, Enersource employees helped raised
more than $27,000 in support of the United Way.
Enersource volunteers went all out to impress
the youngsters for the Mississauga Santa
Claus parade. The Enersource float won first
prize and a charitable donation was made to
FoodPath on our behalf.
Norma Bandler, President and CEO of The Credit
Valley Hospital Foundation and Craig Fleming,
President and CEO of Enersource Corporation.
Habitat for Humanity Mississauga Board Chair
Doug Clark (left) accepts a sponsorship cheque
from Enersource Board Chair Norman Loberg.
CREDIT VALLEY
HOSPITAL FOUNDATION
Enersource Corporation proudly pledged
$100,000 to The Credit Valley Hospital
Foundation’s Lifetime of Care campaign,
which is raising funds to build a new
270,000 square-foot facility for obstetrics,
labour and delivery, a special-care nursery,
paediatrics, long-term care, surgical oncology,
palliative care, regional genetics, a laboratory,
and additional operating rooms. Plans were
also set in motion in 2008 to undertake
a similar commitment with the Trillium
Hospital Foundation in support of their
fundraising campaign for cardiac care.
HABITAT
FOR HUMANITY
In March 2008, Enersource Corporation
announced that it would be committing
$100,000 to Habitat for Humanity’s inaugural
Mississauga Home Build. As part
of Habitat Canada’s commitment to build
affordable, energy-efficient homes, the
Mississauga project will incorporate green
technologies allowing the sponsored
families to save energy,
save money and minimize
the environmental
footprint of their
new homes.
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In 2007, it was reported that the average age of a power line worker was 44.4
years and found that 40 per cent of these skilled trade workers were eligible
for retirement within the next 10 years. Enersource Corporation’s workforce
sustainment strategy is aimed at ensuring that a skilled workforce exists to
fulfill present and future requirements. Employee development, along with
dynamic succession planning and an “in-house” trade apprenticeship training
program, have driven our success as an industry employer of choice.

Michael Matthew, VP of Health and Safety, was joined
by apprentices from Cambrian College who expressed
their appreciation of the Enersource vehicle donation.
Cambrian College:
Vehicle Donation
Enersource dedicated an aerial vehicle to
Sudbury’s Cambrian College to enhance a
unique program the college offers. Cambrian’s
Power Line Technician program, the first
of its kind in Ontario, prepares graduates
for the power distribution industry.
The vehicle is a double bucket aerial
device that extends to a height of 55 feet.
It was received as a welcome addition to
the program, which entered its third year
of operation in the fall of 2008.
The equipment donation enabled
Cambrian’s faculty to enrich the
curriculum by expanding hands-on
training for their students.
Forging these important partnerships
ensures Cambrian a continuous supply of
qualified graduates who can meet the industry’s
needs for skilled and job-ready workers
and has proven beneficial to Enersource’s
skilled trades’ resource planning strategy
through the employment of new graduates.
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W 29

on summarized consolidated financial statements

letter from Auditors’
The accompanying summarized consolidated balance sheets and consolidated statements
of income and comprehensive income are derived from the complete consolidated financial
statements of Enersource Corporation as at December 31, 2008 and 2007 and for the years
then ended on which we expressed an opinion without reservation in our report dated February
20, 2009. The fair summarization of the complete consolidated financial statements is the
responsibility of management. Our responsibility, in accordance with the applicable Assurance
Guideline of The Canadian Institute of Chartered Accountants, is to report on the summarized
consolidated financial statements.
In our opinion, the accompanying consolidated financial statements fairly summarize, in all
material respects, the related complete consolidated financial statements in accordance with
the criteria described in the Guideline referred to above.
These summarized consolidated financial statements do not contain all the disclosures required
by Canadian generally accepted accounting principles. Readers are cautioned that these statements
may not be appropriate for their purposes. For more information on the Company’s
financial position, results of operations and cash flows, reference should be made to the
related complete financial statements.
KPMG
Chartered Accountants, Licensed Public Accountants
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W 31

AUDITORS’ REPORT ON SUMMARIZED CONSOLIDATED FINANCIAL STATEMENTS :
Balance Sheets
(In thousands of dollars) December 31, 2008 and 2007
ASSETS
2008 2007
Current assets:
Cash and cash equivalents
Accounts receivable
Unbilled revenue
Inventory
Prepaid expenses and deposits
$ 76,105
58,574
53,816
7,230
2,596
198,321
$ 57,099
58,472
58,534
6,801
2,513
183,419
Capital assets
Other assets:
Intangible assets
Deposits and prudentials
Regulatory assets
Other deferred costs
LIABILITIES AND SHAREHOLDERS’ EQUITY
419,244
10,336
20,563
2,371
3,071
455,585
409,952
4,028
21,949
6,931
1,813
444,673
$ 653,906 $ 628,092
Current liabilities:
Accounts payable and accrued liabilities
Payments in lieu of corporate income taxes payable
Deferred revenue
Advance payments
Regulatory liabilities
Long-term liabilities:
Bonds payable
Deposits
Employee retirement and post-retirement benefits
Non-controlling interest
Shareholders’ equity:
Capital stock
Retained earnings
$ 93,159
2,149
65
2,844
18,295
116,512
288,735
20,363
3,754
312,852
1,135
175,691
47,716
223,407
$ 73,695
2,106
135
1,553
23,455
100,944
288,556
21,749
3,203
313,508
475
175,691
37,474
213,165
$ 653,906 $ 628,092
On behalf of the Board: Gerald Beasley, Director Norman Loberg, Director
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AUDITORS’ REPORT ON SUMMARIZED CONSOLIDATED FINANCIAL STATEMENTS :
Income and Comprehensive Income
(In thousands of dollars) Years ended December 31, 2008 and 2007
2008 2007
REVENUE:
Energy sales
Distribution
Recovery (refund) of regulatory assets (liabilities)
Services
Gain on the disposal of capital assets
Other
$ 548,255
112,493
(2,514)
6,858
145
5,510
$ 569,869
108,668
5,535
7,336
215
4,868
670,747 696,491
OPERATING EXPENSES:
Energy purchases
Operations, maintenance and administration
Services
Amortization of capital assets
Amortization of intangible assets
Amortization of regulatory (liabilities) assets
Operating income
548,255
40,922
5,420
32,292
1,056
(2,514)
569,869
43,808
5,312
31,366
428
5,535
625,431 656,318
45,316
40,173
NON-OPERATING REVENUE (EXPENSE):
Interest income
Interest expense
Foreign exchange gain (loss)
3,600
(19,229)
907
4,334
(19,247)
(821)
(14,722) (15,734)
Income before the undernoted
Payments in lieu of corporate income taxes
Income from continuing operations
Non-controlling interest
30,594
(10,711)
19,883
(661)
24,439
(10,188)
14,251
(281)
Net income and comprehensive income $ 19,222 $ 13,970
Consolidated Statements of retained earnings
(In thousands of dollars) Years ended December 31, 2008 and 2007
Retained earnings, beginning of year
Net income
Dividents paid
2008 2007
$ 37,474
19,222
(8,980)
$ 33,840
13,970
(10,336)
Retained earnings, end of year $ 47,716 $ 37,474
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W 33

corporate governance
Corporate Structure:
Enersource Corporation is a private company owned 90% by the City of Mississauga
and 10% by BPC Energy Corporation, a subsidiary of the Ontario Municipal Employees
Retirement System. Enersource recognizes the role of good governance in a
successful business enterprise and provides full disclosure on its corporate
governance practices.
Board of Directors
The Board of Directors has ultimate
accountability for the overall direction
and results of the Corporation. The principal
role of the Board of Directors is the stewardship
of the Corporation on behalf of the
shareholders. The Board oversees the conduct
of the business and the performance of
management who are responsible for the
day-to-day operation of the business.
Any responsibility not delegated to a
committee of the Board or to management
remains with the Board.
The Board currently has 10 Directors; eight
Directors, including the Mayor, are appointed
by the City of Mississauga, and two Directors
are appointed by BPC Energy Corporation.
All Directors are independent, as defined
within securities regulation.
The Chairman of the Board is elected by the
Board from among the Directors appointed
by the City of Mississauga, and is a separate
role from the President and Chief Executive
Officer.
At all Board meetings, the Board has an
opportunity to meet without the presence
of management.
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Board of Committees,
Four Board Committees
report to the Board:
Audit Committee
The Audit Committee is accountable to
the Board for providing oversight of the
reliability and integrity of the Corporation’s
accounting principles and practices, business
planning, financial reporting, system
of internal control, management information
and risk management processes.
The internal auditor and external auditor
are invited to attend all meetings of the
Audit Committee and receive all agendas
and associated material. As part of all meetings,
the Audit Committee meets with the
internal and external auditors independent
of management.
Human Resources and Corporate
Governance Committee
The Human Resources and Corporate
Governance Committee is accountable to
the Board for oversight of the Corporation’s
human resources and compensation policies
and practices. The committee is also
responsible for ensuring that effective
corporate governance processes are in
place and for making recommendations to
the Board with respect to the development,
implementation and modification of those
processes and the approach to corporate
social responsibility.
Development Committee
The Development Committee is accountable
to the Board for providing oversight of the
Corporation’s business development plans
and activities and for making recommendations
to the Board with respect to their
potential applicability, risks and rewards.
Health, Safety, Security
and Environment Committee
The Health, Safety, Security and Environment
Committee is accountable to the Board
for oversight of the management of the
Corporation’s health, safety, security and
environmental risks and making recommendations
to the Board with respect to
development, implementation, communication
and related management processes.
Board and committee
mandates
Mandates are in place for the Board,
individual Directors, the Chairman,
and the four committees of the Board.
Board Effectiveness
The Board carried out a review of its
effectiveness through individual Director’s
meetings with the Chairman aided by
self-assessment questionnaires. Each Board
Committee also reviewed its effectiveness.
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W 35

Level 3 Powerline Apprentice
Peter Oosting is seen utilizing
a live line tensioner to gain the
proper “sag” to the service.

Committee Composition and Attendance
Board
Audit
Human
Resource and
Corporate
Governance
Development
Health, Safety,
Security and
Environment
Director Attendance
Percentage
Board
Committees
Number of Meetings 10 7 6 1 4 10 18
Attendance Percentage 88% 100% 100% 100% 85% 88% 96%
Board Members
Mayor Hazel McCallion X X 80% 100%
Gerald E. Beasley X Chair X 90% 100%
Michael J. Nobrega X Chair 70% 100%
Norman B. Loberg Chair Chair X 100% 100%
Hasan Imam X X X 100% 100%
Robert MacCallum X X Chair 100% 100%
Eve Adams X X X 90% 100%
Carolyn Parrish X X X 90% 100%
Katie Mahoney X X X 90% 100%
John McManus* X X X 77% 63%
* – John McManus was appointed to the Board of Directors April 10, 2008
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W 37

enersource leadership
BOARD OF DIRECTORS
Norman B. Loberg
Chair
Chair, Quadra Bay Inc.
Director and Past Chair,
Credit Valley Hospital
Mayor Hazel McCallion
Director
Mayor, City of Mississauga
Michael J. Nobrega
Director
President and Chief
Executive Officer, OMERS
Gerald E. Beasley
Director
Director and Past Chair,
Trillium Health Centre
Foundation
John McManus
Director
Executive Vice President,
Borealis Infrastructure
Robert MacCallum
Director
Hasan Imam
Director
Note: Enersource Board
members as presented are
those currently serving at
time of publication. Please
refer to pg.39 for further
information on timing and
duration of appointments.
Eve Adams
Director
Councillor, Ward 5
City of Mississauga
Katie Mahoney
Director
Councillor, Ward 8
City of Mississauga
Carolyn Parrish
Director
Councillor, Ward 6
City of Mississauga
38
2 0 0 8 I L L U M I N A T E D

EXECUTIVE TEAM
Craig Fleming
President and Chief
Executive Officer
Dan Pastoric
Executive Vice President
and Chief Operating Officer
Norman Wolff
Executive Vice
President and Chief
Financial Officer
Raymond Rauber
Vice President,
Engineering and Operations
Sonja Potocnik
Vice President, Customer
Care and Billing Operations
Michael Matthew
Vice President,
Health and Safety
Jo Ann Morello
Vice President,
Human Resources
E N E R S O U R C E C O R P O R A T I O N A N N U A L R E V I E W 39

Enersource Corporation
3240 Mavis Road, Mississauga, Ontario, L5C 3K1
enersource.com