ENMAX Corporation (ENMAX) is a vertically integrated utility that generates and distributes electricity, natural gas, renewable energy, and value-added services to customers in Alberta, Canada.
ENMAX, headquartered in Calgary, Alberta, Canada, is a wholly owned subsidiary of The City of Calgary.
According to their 2013 annual report, in 2013, ENMAX generated net earnings of $352.5 million and paid a dividend to The City of Calgary in the amount of $67.5 million (ENMAX 2013:8). ENMAX’s core operations include electricity generation, transmission and distribution and the sale of electricity natural gas and renewable energy products to residential, commercial and institutional customers in Alberta.
In 1904, The City of Calgary built its own electric plant when its contract with a private supplier ended. The City of Calgary Electric System (later to become ENMAX Corporation) began operating on December 2, 1905. In 1996, City Council approved a proposal to make The City of Calgary Electric System a wholly owned subsidiary commencing on January 1, 1998. This subsidiary was called "ENMAX Corporation"; an affiliated retailer, "ENMAX Energy", was incorporated on January 1, 1998. Then on January 1, 2001, ENMAX Energy entered the restructured, deregulated electric marketplace in Alberta.
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