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Shareholder Relationship

ENMAX’s Shareholder, The City of Calgary

ENMAX is a private corporation incorporated under the Alberta Business Corporations Act whose sole shareholder is The City of Calgary. Calgary’s City Council acts in the capacity of the Shareholder on behalf of Calgarians.


ENMAX Board of Directors

ENMAX is governed by its Board of Directors, comprised of industry, business and community leaders elected annually by our Shareholder. Our Board is accountable to our Shareholder to ensure we operate in a prudent and transparent manner that reflects ENMAX’s commitment to accountability and corporate responsibility.

ENMAX’s Board selection and appointment process is guided by a skills matrix to ensure we have the director expertise and experience required to govern ENMAX effectively.


Shareholder engagement

Ongoing communication and engagement with The City of Calgary as the Shareholder is an integral part of ENMAX’s philosophy of good governance. We communicate with our Shareholder on a variety of business matters and our Board and executive team meet with Calgary’s City Council throughout the year, including convening an annual public Annual Shareholder Meeting and an in-camera meeting to review our business plans. The Chair of our Audit and Finance Committee also meets with The City’s Audit Committee annually.


Creating Shareholder value

ENMAX does not receive funding from The City of Calgary—we generate our own revenue and profits, and maintain a separate financial standing and credit rating. Each year, ENMAX strives to pay a stable, predictable and growing dividend to the Shareholder consistent with the annual net earnings of ENMAX. The following table sets out the dividends we have declared and paid to The City of Calgary since 2009.


YearDividend Generated
​2018
$50,000,000​​
​2017​
​$48,000,000
​2016
$47,000,000​​
​2015$56,000,000​
2014$60,000,000
2013$67,500,000
2012$55,600,000
2011$55,600,000
2010$61,800,000
​2009​$55,000,000

All customers are free to purchase natural gas services from the default supply provider or from a retailer of their choice and to purchase electricity services from the regulated rate provider or from a retailer of their choice. The delivery of natural gas and electricity to you is not affected by your choice. If you change who you purchase natural gas services or electricity services from, you will continue receiving natural gas and electricity from the distribution company in your service area. For a current list of retailers you may choose from, visit www.ucahelps.gov.ab.ca or call 310-4822 (toll free in Alberta).

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