The Board of Directors has finalized the severance amount paid out to Gary Holden which totals $4,629,333.00. This amount was paid out consistent with his Employment Agreement. These funds will not in any manner diminish the 2011 annual dividend paid to the City of Calgary.
For further details on severance provisions, please refer to the link below:The ENMAX 'How We Govern' corporate governance and disclosure document dated December 10, 2010.
ENMAX Corporation, through subsidiaries and predecessors, has provided Albertans with safe and reliable electricity for more than 100 years. ENMAX Corporation provides electricity, natural gas and value-added services to more than 660,000 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 was the 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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