Description of Key Impacts, Risks and Opportunities
ENMAX's business operations span the production, purchase and sale, transportation and service components of the energy value chain. The various ENMAX companies operate in both regulated and non-regulated industry environments and wholesale and retail market segments.
ENMAX owns, controls and operates a number of electricity generation, transmission and distribution facilities. The operation of such facilities involves many risks and potential impacts including public safety incidents; start-up risks; breakdown or failure of generation, transmission or distribution facilities or pipelines; use of new technology, dependence on a specific fuel source; impact of unusual or adverse weather conditions and performance below expected or contracted levels of output or efficiency.
ENMAX's operations are subject to regulation by federal, provincial and local authorities with regard to air, land, water quality, waste management and other environmental matters. The generation, transmission and distribution of electricity results in and requires disposal of certain hazardous materials, which are subject to these laws and regulations. In addition, electricity generation facilities create air emissions, including greenhouse gases, and also impact water and land as part of their environmental footprint.
ENMAX's risk exposures are managed within levels established by the Board of Directors and senior management, implemented by management and monitored by personnel in the business units, the Risk Management department and related functional areas.