In 2016-17, SaskEnergy recorded income before unrealized market value adjustments of $70 million, compared to $86 million for the 12-month period ending March 31, 2016. The Corporation declared a dividend of $29 million to Crown Investments Corporation (CIC), based on 2016-17 income before unrealized market value adjustments. Unrealized market value adjustments were favourable in 2016-17 resulting in a consolidated net income of $146 million.
Safety remained the core focus of SaskEnergy’s operations in 2016-17 as the Corporation dedicated $91 million toward increasing safety across its more than 85,000 kilometres of buried infrastructure.
A continued focus on efficiency gains resulted in $4 million in cost reductions throughout 2016-17, bringing efficiency savings to $42 million since 2009. These efficiencies were achieved while the Corporation continued to experience growth, adding 4,000 new customers to its distribution system and bringing its total customer base to more than 390,000.
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