Progress has a nice ring to it
ENMAX Power completes crucial infrastructure before the Southwest Ring Road can be built.
To accommodate the
Southwest Calgary Ring Road project, Alberta Transportation approached ENMAX Power about relocating the utility corridor existing south of Glenmore Trail. Approximately 14 km of 138 kV transmission line have been moved, encompassing three transmission lines, six distribution feeders, and the construction of substation 35. The project has reported zero safety incidents to date.
A portion of the previous corridor existed within Weaselhead Flats natural environment park. ENMAX Power completed an environmental impact assessment to avoid wildlife disturbance and also held comprehensive public engagement meetings and a historical resource impact assessment to identify and archive any objects discovered during construction.
ENMAX Power is on track to have the project completed by September of 2017, a crucial first step towards the completion of the Southwest Ring Road, scheduled for 2021.
Since 2003, the City of Calgary has dedicated a portion of the dividend it receives from ENMAX each year to improving the city’s parks. Find out about the many spaces that have been enhanced and revitalized through the ENMAX Legacy Parks Program.
Find out more about the ENMAX Legacy Parks Program
“Strong operational performance from both the competitive and regulated sides of our business showed our resilience in challenging economic conditions.
ENMAX is one of the most reliable transmission and distribution utilities in Canada, and that comes from the ongoing investment we’ve made - $1.2 billion over the last five years – to build, maintain and replace aging electricity transmission and distribution infrastructure to meet Calgary’s needs. As the largest retailer in Alberta, our competitive business adapted well to the changing electricity landscape in our province, effectively securing and managing the power supply necessary for our customers.”
- Gianna Manes, President and CEO, ENMAX
In 2016, our adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was $460.8 million, compared to $442.2 million in 2015. Net earnings increased by $55.9 million to $104.6 million. ENMAX’s results in 2016 demonstrated its ability to effectively manage its portfolio of assets. ENMAX paid a dividend of $47 million to The City of Calgary in 2016 and we declared a dividend of $48 million to be paid in 2017.
View our 2016 Financial Report
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.alberta.ca or call 310-4822 (toll free in Alberta).
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