ENMAX
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| Wholly owned subsidiary of The City of Calgary | |
| Industry | Utilities |
| Founded | Calgary, Alberta, Canada, 1905 |
| Headquarters | Calgary, Alberta, Canada |
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Key people
|
Gianna Manes, CEO |
| Revenue |
 3.36 billion CAD (2013) |
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352.5 million CAD (2013) |
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| Website | www |
ENMAX Corporation (ENMAX) is a vertically integrated utility that generates and distributes electricity, natural gas, renewable energy, and value-added services to customers in Alberta, Canada.
ENMAX, headquartered in Calgary, Alberta, Canada, is a wholly owned subsidiary of The City of Calgary.
According to their 2013 annual report, in 2013, ENMAX generated net earnings of $352.5 million and paid a dividend to The City of Calgary in the amount of $67.5 million (ENMAX 2013:8). ENMAX’s core operations include electricity generation, transmission and distribution and the sale of electricity natural gas and renewable energy products to residential, commercial and institutional customers in Alberta.
In 1904, The City of Calgary built its own electric plant when its contract with a private supplier ended. The City of Calgary Electric System began operating on December 2, 1905. In 1996, City Council approved a proposal to make The City of Calgary Electric System a wholly owned subsidiary ENMAX Corporation commencing on January 1, 1998. This subsidiary and an affiliated retailer, "ENMAX Energy", was incorporated on January 1, 1998. January 1, 2001, ENMAX Energy entered the restructured, deregulated electric marketplace in Alberta.
ENMAX Power Corporation (EPC), the Transmission and Distribution services business line, is made up of regulated and non-regulated operations. This entity is responsible for the operation and maintenance of the City of Calgary’s distribution system and a portion of the transmission network, ensuring ongoing reliability of the electricity supply to Calgarians.(ENMAX 2011:20).
ENMAX Power’s regulated operations include the provision of electricity transmission, distribution and management services for the regulated rate option to customers in the Calgary area. Covering 1,089 square kilometres in Calgary and surrounding areas, ENMAX Power’s transmission system consists of approximately 300 km of transmission wires and 7,600 km of distribution lines in Calgary and surrounding areas, with 37 substations powering residences and businesses within Calgary city limits.(ENMAX 2011:3).
In 2011, ENMAX Power worked on several projects such as the Downtown Cable Replacement Project, North Calgary Area Transmission Project and the South Calgary Reinforcement Project to meet the increasing need for electricity spurred by Calgary’s rapid growth.(ENMAX 2011:26).
ENMAX Energy Corporation (EEC) is the generation and energy retail services arm of ENMAX that offers electricity and natural gas products and services to customers. ENMAX Energy’s electricity is supplied through a combination of long-term contracts, namely power purchase agreements (PPAs), ownership of generation facilities and through purchases from the Alberta electricity market. Natural gas is supplied by purchases in Alberta's natural gas market. Current operating facilities include the Crossfield Energy Centre, Calgary Energy Centre and the Downtown District Energy Centre. ENMAX Energy’s owned generation also includes 100 per cent ownership of the 80 MW Taber wind farm and 63 MW Kettles Hill wind farm, and a 50 per cent interest in the 75 MW McBride Lake wind farm, all located in southern Alberta. The company continues to receive significant supply from their power purchase agreements (PPAs) with the Keephills and Battle River coal-fired facilities.(ENMAX 2011:19).
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Wikipedia