EXECUTIVE COMPENSATION

consecutive five-year average of contributory earnings and years of service. Pension benefits are indexed to increases in the Consumer Price Index, subject to an annual maximum of six percent. Both participating employers and participating employees are required to make equal contributions to the plan, based on the participating employees' contributory earnings. Earnings for pension purposes are capped based on recent plan changes.

Although not a requirement for companies like WCU and its subsidiaries incorporated under Ontario's Business Corporations Act, WCU's wholly owned subsidiary, EWU, discloses the annual compensation of those serving in senior executive and board positions. It does so in keeping with the disclosure rules for corporations listed on the stock exchanges, and for companies that obtain funds through certain debt markets.

The ENWIN Group is also guided by the scope of disclosure demonstrated by certain companies in the energy sector, which, like ENWIN, are licensed and regulated by the OEB.

Directors receive an annual stipend and meeting fees for service. In the interest of transparency, the EWU Board members and senior executives have voluntarily consented to the disclosure of their remuneration in a public manner. This takes place in the spring of each year for the preceding year.

ENWIN Powerline Maintainer Chad Hedrick (right) and Powerline Splicer Apprentice Noah Glos (left) make storm repairs to distribution infrastructure.