Overview Key strengths Key risks Low operational risk and regulated electricity distribution business with minimal exposure to nonregulated operations. Limited geographic and regulatory diversity with small operation scale serving about 60,000 customers in Southern Ontario. Effective management of regulatory risks through the use of regulatory mechanisms supported by the Ontario Energy Board (OEB). Financial measures at the lower end of the assessed category, reflecting limited cushion. Residential focus customer base provides measures of stability to the company?s cash flow. Commodity cost risk that is passed on to customers. . We expect the company?s essential electricity distribution operations to continue to benefit from a credit-supportive regulatory framework in the Canadian province of Ontario to support its financial measures. On a forward-looking
