Message from Gary Holden

The ENMAX group of companies is embracing sustainability as the way to a brighter and more competitive future. This report summarizes our 2008 corporate responsibility performance with respect to the environment, economy and society, including how we are working to empower our communities and our customers.

ENMAX and its subsidiaries are working to achieve a long-term goal by replacing our existing power portfolio with lower and non-emitting technologies.

To get there, we're acquiring sources of electricity generation that create fewer greenhouse gas (GHG) emissions than existing coal plants, like the natural gas fired Calgary Energy Centre we purchased last year. In 2008, we also worked on development of more than 900 megawatts (MW) of new generation capacity all of which will be fueled by natural gas, rather than coal. These planned projects, along with our wind power portfolio, currently Alberta's largest, and run-of-river projects in British Columbia, are all part of our efforts to reconfigure our power generation portfolio towards power sources with lower air emission and GHG levels.

We see our customers as a big part of the shift towards less carbon-intensive power generation too. ENMAX Energy has been actively exploring an array of solar and micro-turbine power generating products and their suitability for the Alberta market and sees itself as an enabler of innovative renewable energy technology choices for the home.

As you click through our 2008 Corporate Responsibility Report, you’ll find information on a number of performance measures, which include the ENMAX group of companies' environmental record with respect to air, land and water, our health and safety performance, the efforts we've made to connect with the communities in which we operate, and our commitment to maintaining open, transparent and positive relationships with our many stakeholders. This report is based on the Global Reporting Initiative (GRI) Guidelines and includes an independent review for a number of key sustainability performance indicators outlined by the GRI.

Thank you for your interest in ENMAX. We welcome your questions, input and ideas. For more information, please visit enmax.com. To view the summary version of ENMAX’s Corporate Responsibility Report, please visit enmax.com/cr.

Sincerely,

Gary Holden
President & Chief Executive Officer