ENMAX Energy Corporation (“ENMAX Energy”) has announced the sale of its British Columbia assets to subsidiaries of Fort Chicago Energy Partners L.P., a Calgary-based limited partnership that owns and operates energy infrastructure assets across North America, and to Pristine Power Inc, developers, owners and operators of independent power with substantial business development pipelines in British Columbia and Ontario.
“Our customer base in Alberta has grown substantially over recent years and many exciting projects are on the horizon for us right here in our own backyard,” said Gary Holden, President and CEO of ENMAX Corporation. “The sale of our B.C. assets will allow us to focus our efforts on building generation facilities, implementing a home-based generation offer to consumers, and other smart grid initiatives in this province.”
The sale of ENMAX Energy’s British Columbia assets* to Fort Chicago Energy Partners L.P. consists of:
The sale of ENMAX Energy’s British Columbia assets to Pristine Power Inc. consists of:
The British Columbia energy marketplace will continue to be of interest to ENMAX Energy through its participation in the Naikun Offshore Wind Energy Project.
ENMAX Energy Corporation, a subsidiary of ENMAX Corporation, is one of Alberta’s leading competitive electricity retailers. ENMAX Energy also provides natural gas and value-added services to residential, commercial and industrial customers throughout Alberta. Through subsidiaries, ENMAX Energy is one of Alberta’s largest investors in renewable energy with partial ownership of the McBride Lake Wind Farm and complete ownership of the Taber and Kettles Hill Wind Farms. ENMAX Energy was the first Canadian electricity retailer to offer customers the option to support wind generated energy.
* The complete transfer of these assets is expected to be finalized in October.
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