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Guelph Hydro Appoints New CFO

Web posted on November 22, 2012

(GUELPH, ON) November 22, 2012 Guelph Hydro Inc. has appointed Pankaj Sardana to the role of Chief Financial Officer for Guelph Hydro Inc. and its two subsidiary companies, Guelph Hydro Electric Systems Inc. and Envida Community Energy Inc., effective November 12, 2012.

Mr. Sardana joins Guelph Hydro from Ontario Power Generation where he was the Vice President of Regulatory Affairs. Previous to this he was the Vice President, Treasurer, and Regulatory Affairs at Toronto Hydro-Electric System Limited.

"We are pleased to announce the appointment of Pankaj Sardana as Chief Financial Officer of Guelph Hydro Inc.," says Barry Chuddy, Chief Executive Officer, Guelph Hydro Inc. "Mr. Sardana brings with him many years of experience from a variety of energy companies and we look forward to benefiting from his leadership and knowledge."

Mr. Sardana has 27 years of experience with continually increasing responsibilities with Ontario Power Generation, Toronto Hydro Corporation, the Independent Electricity System Operator, Ontario Hydro, the Ontario Ministry of Energy, and Consumers' Gas Company. He has his Chartered Financial Analyst (CFA) designation, and a Masters of Arts in Applied Economics and a Bachelor of Arts, Honours Economics, from the University of Waterloo.

About Guelph Hydro Inc. Wholly owned by Guelph Municipal Holdings Inc. which is, in turn, 100 per cent owned by the City of Guelph, Guelph Hydro Inc. is the holding company for Guelph Hydro Electric Systems Inc., the local electricity distribution company serving 50,000 customers in Guelph and Rockwood, Ontario, Canada, and for Envida Community Energy Inc., an alternative energy company, also located in Guelph.

Guelph Hydro Inc., named Large Company of the Year by the Ontario Energy Association in 2011 and awarded the Environmental Stewardship award by the Guelph Chamber of Commerce in 2012, is helping to create a reliable, diversified and sustainable energy supply to ensure the long-term competitiveness and prosperity of the communities it serves. The company is actively developing sustainable energy projects as a key implementer of the City of Guelph's internationally renowned Community Energy Initiative.