WHSI’s greatest asset is its people, and the same work ethic and attention to providing safe, reliable electricity to the citizens of Woodstock that existed pre-incorporation, still exists today. Witness the significant effort of the WHSI team and the total cumulative expenditure of almost $2.6million for the Smart Meter Implementation Project, from inception in 2008 to early 2011. This project – while certainly mandated by the Provincial government – is an example of a successful “total team effort” to bring the latest “conservation tool technology” to Woodstock.

Throughout 2010, WHSI completed the implementation of the necessary systems and processes to ensure that we will meet our regulatory deadlines for “meter data management” enrolment in June 2011, and transition to time-of-use billing in September 2011. In the meantime, WHSI personnel also began using the smart-meter data for smart-grid applications such as outage notification/monitoring, power quality and load monitoring, detection of theft-of-power and meter tampers, and network performance and health. These important first steps have laid a solid foundation both in terms of knowledge and experience for the anticipated volume of smart-grid applications that will be worthy of consideration for utility operations and/or increased customer offerings in the years to come. As you can tell, the smart-meter program is about more than just helping Woodstock citizens to conserve electricity, it’s also about delivering cost effective power well into the future, ensuring our smart-meter expenditures will be recovered and then some. Congratulations to the entire WHSI team on a job well done.

On behalf of the Board of Directors, I present to you the 2010 Financial Statements of Woodstock Hydro Services Inc, and I would also like to thank my fellow board members Dan McMullen and Ron Charie for their commitment throughout 2010.
Sincerely,

John Krill, Chair
Woodstock Hydro Services Inc.