ENMAX Releases Tone at the Top Principles

CALGARY, Feb. 23 /CNW/ -Today ENMAX Corporation is releasing a document to the citizens of Calgary that describes the relationship ENMAX has with its shareholder and Calgarians, provides a statement of principles under which Calgarians can expect ENMAX to be operated, and outlines the steps that ENMAX will be taking to ensure these principles are followed. The Tone at the Top principles that the ENMAX Board and Executive have adopted states"

              The Board and Executive of ENMAX understand that how we earn profits is equally as important as the level of profits we earn. We are accountable to our Shareholder and the citizens of Calgary for ensuring prudence in our management of the company and for demonstrating this through the highest standard of Shareholder engagement, oversight and transparency," said Charles Ruigrok, interim President and CEO, ENMAX Corporation.

The express statement of these principles will provide even greater clarity for ENMAX Directors, Management, and Employees on matters such as employee and stakeholder events, air travel, meals and entertainment, sponsorships, and supplier-paid events.

"ENMAX will live by these principles and will evaluate our existing policies and procedures to ensure they are aligned with them," added Mr. Ruigrok.

About ENMAX Corporation

ENMAX Corporation, through subsidiaries and predecessors, has provided Albertans with safe and reliable electricity for more than 100 years. ENMAX 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
ENMAX Corporation
C. 403.689.6150

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ENMAX Corporation

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