Financial Performance
ENMAX is a wholly owned subsidiary of The City of Calgary. Over the last 11 years, ENMAX has returned approximately $600 million to The City of Calgary. In 2011, over $550 million was invested back into Calgary’s electricity infrastructure to maintain reliability and support future growth. Revenues increased from $2.4 billion in 2010 to $3.1 billion in 2011. In 2011, the company generated net earnings of $184.6 million and paid a dividend in the amount of $56 million to its Shareholder, The City of Calgary.
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