CALGARY, Feb. 4 /CNW/ - The Board of Directors has finalized the
severance amount paid out to Gary Holden which totals $4,629,333.00.
This amount was paid out consistent with his Employment Agreement.
These funds will not in any manner diminish the 2011 annual dividend
paid to the City of Calgary.
For further details on severance provisions, please refer to the link
The ENMAX 'How We Govern' corporate governance and disclosure document dated December 10, 2010.
ENMAX Corporation, through subsidiaries and predecessors, has provided
Albertans with safe and reliable electricity for more than 100 years.
ENMAX Corporation provides electricity, natural gas and value-added
services to more than 660,000 residential, commercial and industrial
metered customer locations in Alberta. ENMAX Energy Corporation, a
subsidiary of ENMAX Corporation, is Alberta's leading competitive
electricity retailer. Through subsidiaries, ENMAX Energy is one of
Alberta's largest investors in renewable energy and was the first
Canadian electricity retailer to offer customers the option to support
wind generated energy. As well, ENMAX Corporation, through its
subsidiary ENMAX Envision Inc., provides fibre optic networks for high
speed data and internet communications. Visit our website at enmax.com.
SOURCE ENMAX Corporation
For further information:
Media only contact:
Doris B. Kaufmann
Sr. Media Relations Advisor