ENMAX

ENMAX

Transmits electricity; generates and sells energy

Overview

ENMAX is a private Calgary-based energy company that owns and operates the electricity grid in its service areas and generates power. It runs ENMAX Power and Versant Power to maintain transmission and distribution lines that safely deliver electricity to homes and businesses in Calgary and parts of Maine, while ENMAX Energy provides electricity and natural gas options to customers across Alberta. Its products include power generation, electricity and natural gas plans, and related energy services. Unlike many competitors, ENMAX is wholly owned by The City of Calgary, with a focus on reliable delivery and customer energy options through its integrated grid, generation, and retail businesses. The company aims to provide safe, dependable electricity delivery and a range of energy options to residential, commercial, and industrial customers.

About ENMAX

Simplify's Rating
Why ENMAX is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Energy

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Calgary, Canada

Founded

1904

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Simplify's Take

What believers are saying

  • ENMAX released its 2025 Sustainability Report on May 22, 2026, reinforcing reliability spending.
  • AUC approved 2026 distribution rates and a $14.19 million K-bar on January 1, 2026.
  • ENMAX is rolling out SAP S/4HANA Cloud and Sitecore-driven digital customer upgrades.

What critics are saying

  • FERC refunds on NETOs run through May 20, 2027, pressuring Versant cash.
  • Mayor Farkas is pushing ENMAX toward water operations and possible Versant divestiture, distracting management.
  • Leadership turnover at Power, Energy, and Board since 2025 creates execution risk during 2026.

What makes ENMAX unique

  • City-owned Calgary utility with regulated Alberta wires and Maine transmission-distribution operations.
  • 2025 EBITDA reached $1.055 billion, supported by $675 million capital spending.
  • ENMAX controls customer, grid, and generation businesses, reducing dependence on a single revenue stream.

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Benefits

Hybrid Work Options

Company News

EBMag
Jun 25th, 2026
Toronto Hydro president appointed chair of Electricity Canada's board of directors.

Toronto Hydro president appointed chair of Electricity Canada's board of directors. Jana Mosley has over 25 years of electricity sector experience. June 25, 2026 By EB Staff Talking points. Electricity Canada has appointed Jana Mosley, president and CEO of Toronto Hydro, as chair of its board of directors. Mosley brings over 25 years of experience in the electricity sector, focusing on safety, operations, and regulatory frameworks. * Previously served as president of ENMAX Power Corporation in Calgary. * Recognized as one of Canada's Most Powerful Women in 2023 and received a Calgary Influential Women in Business award in 2022. * Holds a Professional Engineer designation and is a Harvard Business School alumna. This appointment is significant as Canada aims to double its electricity capacity, with Mosley's leadership expected to enhance collaboration and drive the modernization of the grid that Canadians rely on. Electricity Canada has appointed Toronto Hydro president and CEO Jana Mosley to the role of chair for its board of directors. Mosley brings more than 25 years of electricity sector experience to the role, having developed expertise in safety, operations, regulatory frameworks, policy, grid modernization and customer experience across her career. Prior to joining Toronto Hydro, Mosley served as president of Calgary's ENMAX Power Corporation. She has also held executive and technical leadership positions with the Alberta Electric System Operator (AESO), TransAlta Utilities, and AltaLink Management Ltd. In 2022, Mosley received a Calgary Influential Women in Business award, and was recognized as one of Canada's Most Powerful Women by WXN in 2023. She is a designated Professional Engineer, Harvard Business School alumni, certified Project Management Professional (PMP). In addition to her new role on Electricity Canada's board of directors, Mosley serves as a member of the Institute of Corporate Directors (ICD.D), director of the board for the Western Energy Institute, and a member of the Ontario Energy Association's board of directors, where she previously served as chair. "Jana Mosley is exactly the kind of proven, forward-looking leader our industry needs at this critical moment. As Canada works to double electricity capacity, build faster and strengthen collaboration across governments and partners, her experience will help drive the reliable, affordable and modern grid Canadians depend on," said Electricity Canada's president and CEO Francis Bradley.

Yahoo
Mar 24th, 2025
Parker: Shepard Energy Centre marks 10 years of powering Calgary

Young was appointed to her role leading Enmax's competitive energy business in 2024.

ENMAX
Feb 10th, 2025
ENMAX donates $50,000 to fund new 'Boost' program

United Way partners with ENMAX to fund a new program dedicated to providing crucial support.

Calgary Herald
May 15th, 2024
Enmax Power president leaving Calgary-based utility to lead Toronto Hydro

Separately, Enmax Corporation announced Wednesday it had appointed Marie Rajic as senior vice president of corporate affairs.

SAP
May 9th, 2024
ENMAX Energy's Digital Transformation Journey to Enhance Customer Experience

Tata Consultancy Services (TCS) and SAP partnered with ENMAX Energy to implement SAP S/4HANA Cloud private edition for Industry Solutions for Utilities as the transformation basis.

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