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ENMAX Corporation named one of the World's Most Ethical Companies

/ Calgary

ENMAX Corporation is honoured to be named as one of the World's Most Ethical Companies by the Ethisphere Institute, a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.

"This year's rating was highly competitive and the winners represent the highest echelon of corporate ethics and compliance," said Alex Brigham, Executive Director, Ethisphere. "Each year the competition intensifies. This year's winners know that a strong ethics program is a key component to a successful business model, and they continue to scrutinize their ethical standards to keep up with an ever-changing regulatory environment."

"This is a highly prestigious award and we are grateful to be recognized this way," said Charles Ruigrok, interim President and CEO, ENMAX Corporation. "We have worked hard and made many strides to achieve the very traits this award recognizes and continue to cultivate a culture at ENMAX that embraces those attributes."

Through in-depth research and a multi-step analysis, Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries. The methodology for the World's Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers. Read about the methodology and view the complete list of the 2012 World's Most Ethical Companies at http://ethisphere.com/wme.

The sixth annual awards ceremony was held in the Grand Hyatt Hotel in New York on March 15, 2012, and featured keynote speaker Madeleine Albright, former U.S. Secretary of State.

ENMAX Corporation, through subsidiaries and predecessors, has provided Albertans with safe, reliable electricity for over 100 years. The ENMAX group of companies provides electricity, natural gas and value-added services to over 750,000 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 the first Canadian electricity retailer to offer customers the option to support wind generated energy. Also, ENMAX Corporation, through its subsidiary ENMAX Envision Inc., provides fibre optic networks for high speed data and internet communications.

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MEDIA CONTACT

Doris Kaufmann Woodcock
Senior Media Relations Advisor
ENMAX Corporation
403-689-6150
mediaroom@enmax.com

MEDIA CONTACT

Alex J. Stockham
Rubenstein Associates
213-537-0017
astockham@rubenstein.com

Gabe Roth
Rubenstein Associates
212-843-8067
groth@rubenstein.com

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