ENMAX Energy Receives Shareholder Approval to Proceed with Major Electricity Generation Projects



    CALGARY, Feb. 21 /CNW/ - ENMAX Energy today announced that it has
received Shareholder approval to proceed with its proposals to build
approximately 1,200 megawatt (MW) of electricity generating capacity in and
around the city of Calgary at a portfolio cost of approximately $1.6 billion.
    Chief among these is a 1,000 MW facility that will provide enough
electricity for about two thirds of Calgary's requirements.
    The facility will be using the best available gas technology and will
produce less than half the CO(2) per MW than current coal plants.

    In a statement released today, Gary Holden, CEO of ENMAX Energy said:

    "As Calgary's electricity demand continues to grow, we need to build
cleaner generation facilities that are better for the environment and closer
to the city.
    We also need to secure lower cost sources of new electricity for our
EasyMax customers when they come to renew their contracts. We have a
responsibility to continue to seek the best overall resources for our customer
base.
    On one of the two possible sites we're evaluating, we also intend to use
waste heat from this facility to provide heat to an associated light
industrial park in the surrounding area. In this way, we could maximise the
plant's energy efficiency, while also enabling job creation and economic
development.
    Our vision is that our customers will have access to state-of-the-art,
environmentally sensitive generation across the province that will optimize
existing infrastructure. This plant will become the template for future plants
in Alberta because it is cleaner and can be located closer to customers.

    This project will present solutions to several existing Alberta system
issues:

    
    1.  It will help firm up the southern transmission grid, which will
        contribute greatly to the development of additional wind farms, by
        assisting in overcoming the challenge of intermittent production.

    2.  It will have a dramatic impact in reducing transmission line losses
        (electricity lost as heat when transported over wires), bringing
        benefits to all Albertans.

    3.  It will go a long way to meeting the Province's CO(2) intensity
        targets for the electricity sector.
    

    Our long term plan is to have 100% of our customers' needs matched by
renewable energy, cogeneration or the best available clean coal or gas
technology by the time current power purchase agreements are terminated. This
project is a very important step in that direction."
    Another major project is the construction of a 120 MW natural gas-fired
peaking power plant near Crossfield, about 10 kms north of Airdrie. The
Crossfield Energy Centre is scheduled to be generating electricity by mid
2009.

    Gary Holden said:

    "As part of preparing this project, a comprehensive public consultation
program was undertaken to ensure interested parties had a clear understanding
of the proposed project and were involved in the decision making process.
Communication and trust are fundamental to our stakeholder program and we've
been very pleased with the level of participation and the constructive way in
which we have been able to exchange information and ideas.

    At a time when demand for electricity in Alberta continues to reach
record levels, the Crossfield Energy Centre will bring several benefits:

    
    1.  It will help the Alberta Electric System Operator in its task of
        ensuring reliability for Southern Alberta.

    2.  It will help to keep electricity costs as low as possible for ENMAX
        Energy's customers by reducing exposure to volatile energy markets.

    3.  As a rapid-response, natural gas-fired facility, it will help
        stabilize the province's southern transmission grid and thereby
        support the introduction of further wind farms.

    4.  It also will help reduce greenhouse gas emissions by reducing
        transmission line losses from coal-fired stations in central
        Alberta."
    

    ENMAX Energy Corporation, a subsidiary of ENMAX Corporation, is Alberta's
leading competitive electricity retailer. In addition to electricity, ENMAX
Energy provides natural gas, renewable energy and value-added services to
residential, commercial and industrial customers throughout Alberta. ENMAX
Energy contracts low-cost reliable electricity from the Keephills and Battle
River coal-fired plants and meets peak demand through a long term agreement
with the natural gas fired Calgary Energy Centre. Through a subsidiary, it is
one of Alberta's largest investors in renewable energy with 50 per cent
ownership of the McBride Lake Wind Farm and 100 per cent ownership of the
Taber Wind Farm. ENMAX Energy has the largest green power marketing program of
its kind in Canada and in 2006, received the Consumer Champion Award for its
ground-breaking EasyMax(R) program. For more information, visit our website at
enmaxenergy.com.
    You can choose any retailer listed at www.ucahelps.gov.ab.ca or at
310-4822. Electricity delivery to your home or business isn't affected by your
choice of retailer.





For further information:

For further information: Peter Hunt, VP, Public Affairs, ENMAX Energy
Corporation, (403) 689-6150

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