SaskEnergy is reporting a net income of $59 million in 2020-21 and declared a $21-million dividend to Crown Investments Corporation (CIC) while maintaining its lowest commodity rate in more than 20 years at $2.575 per gigajoule, highlighted in its annual report released Wednesday.

“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, Saskatchewan’s minister responsible for SaskEnergy.

“The reliability and affordability of SaskEnergy’s service provides residents peace of mind knowing they will have the energy they need to heat their homes and run their businesses.”

Read more:
Saskatchewan sets new natural gas usage record

Through its residential equipment replacement rebate, commercial space and water heating program, and commercial boiler program, SaskEnergy helped both homeowners and businesses replace aging natural gas equipment with new high-efficiency models.

Story continues below advertisement

It provided more than $1.8 million in rebates through these programs, helping customers to lower utility costs and reduce greenhouse gas emissions.

Click to play video: 'Canada charting path to net-zero emissions by 2050'

Canada charting path to net-zero emissions by 2050

Canada charting path to net-zero emissions by 2050 – Nov 19, 2020

SaskPower also implemented the province’s Crown utility interest waiver program, which waived late payment charges for a six-month period to provide some relief to customers during the pandemic.

“SaskEnergy’s customer programs not only help Saskatchewan residents and businesses make their energy dollars go further, they highlight the importance of carbon monoxide safety,” Morgan said.

“This year, the Canadian Gas Association awarded SaskEnergy’s carbon monoxide (CO) safety initiative with its annual Michael Mulcahy Award for Excellence and Innovation in Customer Care and Service.”

Read more:
SaskPower sending electricity to southern parts of United States amid storm

Story continues below advertisement

The CO safety initiative included a $10 point of purchase CO alarm rebate in 139 stores across 75 communities, allowing customers across Saskatchewan to install 24,500 carbon monoxide alarms in their homes in 2020-21.

SaskEnergy also invested $48.6 million in transmission infrastructure and gas lines near Shaunavon and Pierceland aimed at strengthening system reliability and invested $89 million into safety and integrity programs across Saskatchewan.

The Crown cooperation spent $319 million in Saskatchewan which is about 70 per cent of its total purchases in 2020-21.

Click to play video: 'Northern Sask. village hoping to get off diesel power'

Northern Sask. village hoping to get off diesel power

Northern Sask. village hoping to get off diesel power – Dec 29, 2020

According to the report, SaskEnergy reduced its overall greenhouse gas emissions by 12,900 tonnes of carbon dioxide which equates to taking more than 2,800 cars off the road.

It also added 3,001 new residential, business and industrial distribution customers and focused on establishing and expanding collaborations with Indigenous environment groups.

© 2021 Global News, a division of Corus Entertainment Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *