SaskEnergy’s main focus has been safety this past year with a dividend of $39 million in the corporation’s annual report and $109 million going toward safety measures across its over 85,000 kilometres of pipelines.
“SaskEnergy is making significant investments in expanded pipeline capacity and in the additional gas supply needed to fill those lines, in order to meet rising customer demands for natural gas into the future,” Minister responsible for SaskEnergy Bronwyn Eyre said. “The company’s focus on reliability means most homes or businesses have never had an unplanned loss of natural gas service, something we all depended upon this past winter when three new natural gas consumption records were set during cold snaps.”
SaskEnergy saw $4.2 million in cost reductions, and a consolidated net income of $144 million.
Transmission volumes went up by seven per cent or 24 Petajoules, more than last year with a total of 350 Petajoules. The corporation’s investments in oil recovery and power production helped with the annual increase.
“Natural gas is the fuel of choice for new businesses and homes, as well as for major industry, and by providing the pipeline infrastructure for these investments, SaskEnergy will continue to support strong economic growth for Saskatchewan,” Eyre said.
A priority for the corporation has also been to move high-pressure transmission pipelines away from cities.