LUI Operations

Lakefront Utilities Inc.’s Nature of Operations

Lakefront Utilities Inc. (the “Company”) is a subsidiary of the Town of Cobourg Holdings Inc. and was incorporated under the Business Corporations Act (Ontario) on April 12, 2000. The address of its registered office and its principle place of business is 207 Division Street, Cobourg, Ontario, K9A 3P6.

The principle activity of the Company is to distribute electricity to the residents and businesses in the Town of Cobourg under license issued by the Ontario Energy Board (OEB). The Company is regulated by the OEB and adjustments to its distribution rates require OEB approval.