SaskEnergy says it was able to achieve 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).

In 2020-21, SaskEnergy assisted homeowners and businesses in replacing aging natural gas equipment with new high-efficiency models through its Residential Equipment Replacement Rebate, Commercial Space and Water Heating Program, and Commercial Boiler Program. Together, the programs provided more than $1.8 million in rebates to help customers reduce utility costs and lower greenhouse gas emissions.

The Crown Corporation says it also strengthened system reliability by investing $48.6 million in transmission infrastructure and gas lines near Shaunavon and Pierceland.

The company says, of further note:

• $319 million spent in Saskatchewan, equal to nearly 70 per cent of total purchases in 2020-21;
• Enhancing customer experience through new corporate websites and text messaging service;
• Reducing total overall greenhouse gas emissions from operations by 12,900 tonnes of carbon dioxide equivalent (tCO2e), which equates to taking more than 2,800 cars off the road;
• Adding 3,001 new residential, business and industrial distribution customers;
• Investing $89 million in safety and integrity programs across the province;
• Establishing and expanding collaborations with Indigenous environmental organizations;
• Matching or breaking peak day customers’ daily gas usage record for the eighth winter in a row; and
• Implementing the Government of Saskatchewan’s Crown Utility Interest Waiver Program, which waived late payment charges for a six-month period to provide some relief to customers.