John MacDonald

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

Hydro One Telecom, Inc. provides broadband telecommunications services. Its services include IP VPN, Internet transit, tower attachments and wavelength services. The firm offers telecommunications solutions to the carriers, financial institutions, enterprises, public sector organizations and utilities. The company was founded in 2000 and is headquartered in Toronto, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.

The Consumers' Waterheater Income Fund engages in the water heater rental business with over 1.4 million natural gas-fired water heaters which is rented primarily to residential customers in Ontario . It has captured about 50% of Ontario 's residential market with most of its business in the growing Greater Toronto Area. The firm's rental program provides homeowners with a convenient way of installing and maintaining a vital piece of equipment in their home with no capital outlay, with a convenient fixed and monthly fee currently bundled with their natural gas bill. The Fund's objective is to generate a stable and growing cash flow stream which will in turn be reflected in stable and growing unit holder cash distributions. The Fund structure entitles the Fund to receive 65% of rental revenues and Direct Energy - receives 35% for continuing to provide life-cycle service support for the asset base. It also owns Stratacon Inc., a leading sub-metering company, with contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada. It was founded in December 2002 and is headquartered in Markham, Canada.