Enipower è stata costituita nel novembre 1999. Oggi Enipower, direttamente o attraverso le sue partecipate, è proprietaria di 5 centrali elettriche ubicate a Brindisi, Ferrara, Mantova, Ravenna e a Ferrera Erbognone (Pavia) e di una centrale di cogenerazione a Bolgiano (San Donato Milanese), con una potenza complessiva in esercizio di circa 5,1 GW. Tale parco impianti pone la società tra i primi produttori nazionali di energia elettrica e al primo posto come produttore di vapore tecnologico.
Enipower possiede partecipazioni di controllo in due Società:
Enipower Mantova, società che gestisce la centrale termoelettrica a Mantova (partecipata con TEA, attiva nel campo dei servizi energetici e ambientali);
Società Enipower Ferrara (Società SEF), che gestisce la centrale termoelettrica a Ferrara (partecipata con Axpo International S.A.).
Enipower possiede infine quote di minoranza nelle società consortili di servizi industriali nei siti petrolchimici a Ravenna, Ferrara e Brindisi.
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