SaskEnergy recorded income before unrealized market value adjustments of $66 million in the 2019-20 fiscal year. Based on that, the Crown Corporation declared a dividend of $24 million to the Government of Saskatchewan. SaskEnergy says industrial transmission customers increased for the fifth straight year. The company invested $330 million to expand natural gas storage and delivery capacity. The commodity rate was lowered to reflect the low natural gas price environment which resulted in the lowest commodity rate in 20 years. The company says that, combined with its delivery rate, the total residential gas utility rate is the third lowest in Canada. The company’s overall customer base is expected to reach 400 thousand in 2020-21.

SaskEnergy also completed a new 62 kilometer South Saskatoon transmission gas line project which more than doubled natural gas capacity to the east side of the city to meet increased demand in Saskatoon and surrounding areas. It also provided nearly $1 million in rebates to residential and commercial customers who installed energy efficient natural gas furnaces and heating systems.