ENMAX Corporation (“ENMAX”) today announced
second quarter net earnings of $60 million compared to $61 million for the same quarter in 2009. This brings year-to-date net earnings to $108 million compared to $126 million for the first half of 2009.
“In addition to stable earnings and strong asset performance, we continued to advance our marketplace activity despite a slower economy,” said Gary Holden, President and CEO, ENMAX Corporation. “We launched district energy in downtown Calgary, and are set to bring renewable energy choices to residential customers by preparing our grid for the future of electric cars, smart meters and home automation.”
Holden noted that ENMAX’s assets – particularly the Crossfield plant – had a strong performance that helped fill the gap created by generation outages across the province during the month of May.
Notable business developments in the quarter include:
ENMAX Corporation, through subsidiaries and predecessors, has provided Albertans with safe, reliable electricity for over 100 years. ENMAX Corporation provides electricity, natural gas and value-added services to over 650,000 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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August 13, 2010 | PDF | 45 Pages
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