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IESO Board Announces New President and Chief Executive Officer

June 30, 2006

The Board of Directors of the Independent Electricity System Operator has selected IESO Chief Operating Officer Paul Murphy to succeed Dave Goulding when he retires as President and Chief Executive Officer later this year, Glenna Carr, Chair of the Board announced today.

"Paul brings significant credentials and expertise to this leadership role, with planning and management responsibilities for the operation of Ontario's $13 billion electricity market during the past six years as the IESO's Chief Operating Officer," said Carr.  "A recognized industry leader in North America, Paul has a deep understanding of the issues facing the IESO and Ontario's electricity sector and is well respected by stakeholders."

Murphy has represented Ontario and Canada on the North American Electric Reliability Council's (NERC) Operating Committee and Executive since 2004.  He has also served as Chair of the Operating Committee's Best Practices' Task Force, and on the Reliability Coordinating Committee of the Northeast Power Coordinating Council.

A Professional Engineer, Murphy was educated at Queen's University and is an alumni of the Queen's School of Business, Executive Development Leadership Program. He joined Ontario Hydro in 1977 and was named the IESO's Vice President, Corporate and Market Development in 1999 when the company was formed.

The IESO is responsible for managing Ontario's bulk electricity system and operating the wholesale electricity market. For more information, visit www.ieso.ca

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PUBLIC APPEALS

In periods of tight electricity supplies, the IESO may issue a public appeal urging consumers to reduce electricity consumption. Typically, public appeals are issued when extreme weather or unexpected generator outages stretch the system's ability to provide enough electricity to meet demand and required levels of reserve.
• Full list of public appeals since May 1, 2002.