ENMAX Corporation (ENMAX) is a vertically integrated utility that provides electricity, natural gas, renewable energy and value-added services to its customers. ENMAX, and its predecessors, has provided Albertans with electricity for over 100 years and currently has more than 836,000 customer sites throughout Alberta.
We're a wholly owned subsidiary of The City of Calgary, headquartered in Calgary, Alberta, Canada. Our core operations include electricity generation, transmission and distribution and the sale of electricity, natural gas and renewable energy products to residential and commercial customers in Alberta. The Corporation takes an integrated approach to risk management and actively manages price and commodity risks inherent in its business.
ENMAX operates and competes in Alberta's restructured electricity industry. In 2012, the company achieved net earnings of $225.0 million and a return on shareholder's equity of 10.5 per cent.