Media Release: Mayor Nenshi and Chairman Fryers report on City Council meeting with ENMAX Board of Directors

Today, Calgary City Council met with the ENMAX Board of Directors for a special shareholder meeting. Due to recent media reports and events related to ENMAX, the shareholder (the citizens of Calgary represented by City Council), requested the special meeting to discuss issues of governance and strategy.

"I appreciate that the Board of Directors could accommodate my Council colleagues and me at this special meeting," said Mayor Naheed Nenshi. "We had a great discussion and will be working together over the next several months to ensure that ENMAX remains a great company for its employees, customers, and owners."

"In the meantime, ENMAX will continue to execute on the strategy approved by this council. ENMAX is a strong company and will continue to serve the people of Calgary well as one of the best, most progressive energy providers in the world."

"We look forward to Council's continued work with the ENMAX Board of Directors in the best interests of Calgarians."

Mr. Cliff Fryers, Chairman of the ENMAX Board of Directors, added: "Mayor and Council had some very legitimate questions and we had a good discussion around these matters. We collectively agreed that there is real value in an ongoing dialogue between the shareholder and the board. We value our shareholder’s support and look forward to working with them closely as we move forward with the ENMAX vision to create value for Calgarians and sustainable energy for all Albertans."

- Daorcey from Mayor Nenshi's team