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SaskEnergy delivered on its commitment to customers in 2023-24, expanding program and service offerings while meeting the energy needs of Saskatchewan. "SaskEnergy continues to prioritize affordability for customers by reducing the commodity rate by more than 24 per cent, no longer collecting the federal carbon tax on natural gas used for home heating and providing the second-lowest average residential natural gas bills in Canada throughout 2023-24," Minister Responsible for SaskEnergy Dustin Duncan said. "SaskEnergy also continues to support customers in maintaining low monthly bills through...

SaskEnergy achieved strong financial and operational results in 2020-21 while maintaining its lowest commodity rate in more than 20 years. The Corporation reported net income from operations of $59 million and declared a dividend of $21 million to Crown Investments Corporation (CIC). “Despite the unprecedented challenges presented by the pandemic, SaskEnergy maintained an exceptional level of service to customers while also providing one of the lowest residential gas utility rates in the country,” said Don Morgan, Minister Responsible for SaskEnergy. “The reliability and affordability of...

SaskEnergy provided value to customers throughout 2021-22 — including the lowest residential natural gas bills in Canada — while delivering strong financial results on behalf of the people of Saskatchewan. In its annual report released today, SaskEnergy reported net income from operations of $82 million - up $23 million compared to last year. The increase is largely due to a one-time accounting adjustment related to the conclusion of litigation that awarded SaskEnergy title to its head office building in Regina. Higher demand for natural gas from industrial customers, as well as higher demand...

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...

Safety remained a core focus in 2017-18 as the corporation dedicated $109 million toward increasing safety across its more than 85,000 kilometres of pipelines. SaskEnergy continued to upgrade service connections, and its damage prevention program resulted in a 3.5 per cent reduction in pipelines damaged by unsafe digging — part of a 37 per cent reduction in incidents since 2013. In 2017-18, SaskEnergy invested in projects to move high pressure transmission pipelines away from cities, while significantly increasing capacity to serve the growing number of homes, businesses and industries that...

Safe and reliable natural gas service continued to be the number one focus for SaskEnergy in 2015-16 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...