ENMAX
From Wikipedia, the free encyclopedia
| ENMAX Consolidated | |
|---|---|
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| Type | Private company |
| Founded | Calgary, Alberta, Canada, 1905 |
| Headquarters | Calgary, Alberta, Canada |
| Industry | Utilities |
| Revenue | ▲ 2.109 billion CAD (2007) |
| Net income | ▲ 141.8 million CAD (2007) |
| Website | http://www.enmax.com |
ENMAX Corporation (ENMAX) is an energy distribution, supply and service company. ENAMX is a wholly owned subsidiary of The City of Calgary, headquartered in Calgary, Alberta, Canada. ENMAX operates and competes in a deregulated industry. In 2007, the company achieved net earnings of $141.8 million and a return on shareholder's equity of 10.9%.
In 1904, The City of Calgary (The City) built its own electric light plant. 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 beginning on January 1, 1998. This subsidiary was to be called "ENMAX Corporation". An affiliated retailer, "ENMAX Energy", was incorporated on January 1, 1998. On January 1, 2001, ENMAX entered the restructured marketplace.
[edit] 2007 Earnings
| Total Revenue | $2.109 billion |
| Net Earnings | $141.8 million |
| Total Assets | $2.456 billion |
| Return on Equity | 10.9% |
| Number of Employees | 1,241 |
