In 2015-16, safe and reliable service continued to be the number one focus for SaskEnergy as the Corporation added more than 6,000 new customers to its distribution system, bringing its total customer base to nearly 387,000.
SaskEnergy dedicated $107.5 million toward increasing safety throughout its buried infrastructure in 2015-16. This included an investment of more than $5 million on continued system remediation efforts in communities with possible slope movement, such as Last Mountain Lake. In addition, an expansion of SaskEnergy’s damage prevention initiatives resulted in a six per cent reduction in third-party line hits — part of a nearly 30 per cent reduction in damage incidents since 2013.
SaskEnergy recorded operational net earnings (income before unrealized market value adjustments) of $135 million for the 15-month period ending March 31, 2016, and $88 million for the 12-month period ending December 31, 2015. This compared to $47 million in 2014.
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