ENMAX has a board of directors which serves ENMAX Corporation and each of its subsidiaries (ENMAX Energy Corporation, ENMAX Power Corporation, ENMAX Encompass Inc., ENMAX Commercial Energy Marketing Inc., ENMAX Envision Inc., ENMAX Power Services Corporation, ENMAX Green Power Inc., ENMAX Energy Marketing Inc. and ENMAX Utilities Services Limited). ENMAX Green Power Inc. has an equity interest in Valeo Power Corporation.

Each of these ENMAX Green Power Inc. subsidiaries has its own management level Board of Directors.

ENMAX's directors and management are committed to high standards of corporate governance. We believe sound corporate governance contributes to shareholder value and to trust and confidence in ENMAX.

More details on ENMAX's corporate governance practices can be found in the 2010 Corporate Governance Report.