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.

EnerCare Solutions, Inc. engages in home services and service experts businesses. It provides products, services, programs and solutions that enable homeowners, multi-unit owners and tenants to make a contribution to Canada’s growing culture of energy conservation. The Home Services business consists of the following: the Rental Portfolio; the Protection Plan Portfolio; Heating, Ventilation and Air Conditioning (HVAC) Sales; and Other Services. The Service Experts business provides HVAC Equipment service, maintenance and repairs, and related services to residential and commercial customers. The company was founded on November 18, 2002 and is headquartered in Toronto, Canada.

EnerCare, Inc. engages in the provision of heating ventilation and air-conditioning services. It operates through the following categories: Home Services: rent and leases out water heaters, heating ventilation and air-conditioning systems; Sub-metering provides services and equipment to sub-metering and remote measurement of electricity and water in residential and commercial properties and Commercial: installation of heating, cooling, water heating and sub-metering solutions for all commercial equipment. The company was founded in 1848 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.

Electrovaya Corp. is a Canadian technology-focused company that specializes in lithium-ion ceramic cells with the highest cycle life and safety standards in the industry. The company is based in Mississauga, Canada and was founded in 1996 by Sankar Das Gupta and James K. Jacobs. Electrovaya's key benefits of safety and performance provide their customers with peace of mind and return on investment. The company's labs division is developing leading-edge battery technologies, including solid-state batteries and solvent-free coating technologies. The company offers a host of battery systems designed to cater to heavy-duty applications such as lift-trucks and electric buses. The company's batteries have the lowest cost of ownership with maintenance-free batteries and achieve the highest cycle life in the industry for NMC-based lithium-ion cells. Electrovaya's e-mobility solutions provide the energy and safety to propel vehicles of all types with peace of mind and performance. Sankar Das Gupta has been the CEO since 1996.

ParityGo, Inc. operates an AI-influenced building HVAC control and analytics platform. It leverages intelligent software to guarantee minimal energy waste by matching supply and demand of gas, electricity and water using real-time data and automation for dynamic control of mechanical HVAC equipment. The company was founded by Brad Pilgrim in 2015 and is headquartered in Toronto, Canada.