ENMAX Corporation (“ENMAX”) is pleased to
report the results of a very strong year. ENMAX announced its 2009 annual net earnings of $205.9 million, an increase of 13.7 per cent over 2008, and revenues of $2.3 billion, a decrease of 13.3 per cent, over its 2008 results.
“Despite a tough economic environment and volatile electricity and gas pricing, ENMAX has had another year of strong performance,” said Gary Holden, President and CEO of ENMAX Corporation. “ENMAX’s customer focused expansion contributed to the organization’s success in 2009. We anticipate another challenging year ahead in 2010.”
During the past year ENMAX made substantial progress on all its generation projects including the Crossfield Energy Centre, Bonnybrook Energy Centre, Downtown District Energy Centre, and Shepard Energy Centre.
ENMAX Corporation, through subsidiaries and predecessors, has provided Albertans with safe, reliable electricity for more than 100 years. ENMAX Corporation provides electricity, natural gas and value-added services to more than 640,000 residential, commercial and industrial metered customer locations in Alberta. ENMAX Energy Corporation, a subsidiary of ENMAX Corporation, is Alberta’s leading competitive electricity retailer. Through subsidiaries, ENMAX Energy is one of Alberta’s largest investors in renewable energy and first Canadian electricity retailer to offer customers the option to support wind generated energy. As well, ENMAX Corporation, through its subsidiary ENMAX Envision Inc., provides fibre optic networks for high speed data and internet communications.
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March 18, 2010 | PDF | 47 Pages
View all consolidated financial reports
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