t a b l e o f CONTENTS

• 1  Message from Windsor Canada Utilities Ltd.
• 3  Company Profile
• 5  Corporate Governance
• 7  Executive Compensation
• 9  Senior Management Team
• 10  Members of the Board of Directors
• 11  Strategic Overview
• 12  Mission, Vision and Values
• 15  Five Areas of Focus
• 17  Financial Highlights
• 18  Management's Discussion and Analysis
• 20  Capability to Deliver Results
• 23  Community Support Program
• 24  Results: Progress Against the Plan
• 30  Financial Results
• 34  Risks and Uncertainties
• 38  Financial Statements