[getsmart-l] TORONTO/GTA: Ontario's Chief Energy Conservation Officer recognizes energy savings in 2, 500 Park Property Management Rental Units across the GTA

[Media Release]

Emacs!



Media Release - For Immediate Release


TORONTO/GTA:

Ontario's Chief Energy Conservation Officer recognizes energy savings 
in 2,500 Park Property Management Rental Units across the GTA

Smart Sub-metering for rental suites a "Win-Win" for tenants and managers

Program rolling out to remaining 5,000 rental suites in Toronto, 
Mississauga, Oakville, Etobicoke, Scarborough, Waterloo, Kitchener, 
Cambridge and Stratford

(Toronto, October 2, 2007)  Amid a crowd of tenants and other guests, 
Ontario's first Chief Energy Conservation Officer, Peter Love, 
awarded Park Property Management and Stratacon Inc. his prestigious 
Certificate of Recognition for contributing to a culture of 
conservation in the province.  The ceremony took place at Park 
Property's Aurora apartments, an 800 unit community at Warden and 
Finch in Toronto.

Last year, Park Property Management partnered with Stratacon to 
implement Stratacon's Smart Sub-Metering Solution in 2,500 apartment 
suites within the GTA. The buildings switched from bulk metering, 
where tenants pay for their electricity as part of their rent, to 
being individually metered for electricity consumption. With 
sub-meters, each resident pays only for their own electricity use, 
and in return gets a reduction to their rent.

"Individual metering helps tenants control their electricity use," 
says Margaret Herd of Park Property Management. "When people are 
aware of their use, they can control it. They tend to use less - in 
most cases, between 15% and 40% less, and in our case, an average of 
33% less. When tenants use less, they pay less, and no longer 
subsidize high-use tenants."

"Electricity conservation is important to Ontario and every person, 
business and institution in the province," said Love. "Conserving 
electricity now is critical to ensuring that we can continue to enjoy 
a reliable supply in the future, it's beneficial to the environment, 
and it makes good financial sense. Taking advantage of the benefits 
of Smart Sub-Meters helps contribute to a culture of conservation in Ontario."

Based on the success of the original 2,500 units, Park Property is 
rolling out the initiative to the remaining 5,000 units in their 
portfolio.  Park Property has communities in Toronto, Mississauga, 
Oakville, Etobicoke, Scarborough, Waterloo, Kitchener, Cambridge and Stratford.

Stratacon provided complete turnkey services including meter 
installation, consumption information for tenants, bill presentation 
and collection, as well as monitoring and verification. "Park is 
commended for taking this leadership role on their own initiative as 
a win-win proposition for tenants, the owners and the environment," 
says Ian Stewart, President of Stratacon. "Park was willing to 
install smart meters well in advance of government direction."

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About the Chief Energy Conservation Officer: The CECO assumes 
leadership for developing and implementing energy conservation 
initiatives, advising on relevant government policy and targets for 
conservation, and educating and promoting energy conservation to all 
Ontarians.  The CECO is an integral member of the Ontario Power 
Authority's senior executive team.

Media Contact:  Media Hotline, 416-969-6307


About Stratacon:  Stratacon is a full service utility management 
performance-contracting corporation that delivers comprehensive 
programs to the multi-residential and commercial markets throughout Canada.

Media Contact:  Sue Fautsch, 905-856-4001 x139


About Park Property Management: Park Property Management Inc. has 
been in the business of providing affordable, well-maintained living 
accommodation for over 25 years. At Park, where your comfort is our 
main concern, we offer superior service through our trained building 
and maintenance staff. We manage for investors who take pride in 
their properties and who are in the business for the long term. Our 
buildings are located throughout the Greater Toronto Area.

Media Contact: 905-940-1718
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