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Creating Value

Cultivating a legacy for our city

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

Financial Progress

In 2017, we achieved solid earnings from our regulated Power Delivery business as a result of continued capital investment and load growth as compared to 2016. While challenging market conditions negatively impacted the results for our Competitive Energy business, these were partially offset by the expansion of our services business and a continued focus on cost management," said Gianna Manes, President and CEO. "We delivered strong safety and reliability results in our operations, and are well positioned to achieve growth and improve profitability with the stabilizing Alberta economy and electricity marketplace.

- Gianna Manes, President and CEO, ENMAX

Our adjusted earnings before interest, tax, depreciation and amortization (EBITDA) was $412.8 million, compared to $465.3 million in 2016 and comparable net earnings were $132 million ($184.1 million in 2016). These results reflect the anticipated negative impacts to the competitive business from continuing market weakness, partially offset by stronger results in other parts of the company. 

View our 2017 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.gov.ab.ca or call 310-4822 (toll free in Alberta).


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