Earlier today, SaskPower tabled its annual report at the Legislative Assembly, reporting a net income of $205 million for 2019-20. That represents an increase of $8 in net income from 2018-19.
Over the past year, SaskPower says it has invested about $696 million into the provincial electricity system. That breaks down as follows:
- $374 million to repair and upgrade infrastructure;
- $253 million on growth projects, including new generation facilities and expanded grid capacity; and
- $69 million on other strategic investments, Advanced Metering Infrastructure (AMI), and other projects.
“During the past year, we continued to move toward our target to reduce carbon dioxide emissions 40 per cent from 2005 levels by 2030,” SaskPower president and CEO Mike Marsh said in a press release. “The newly commissioned natural gas-fired Chinook Power Station will provide a stable source of baseload power while enabling the ongoing addition of intermittent renewable generation capacity such as wind and solar generation.”
Notable accomplishments for 2019-20 include commissioning the new 353-megawatt (MW) natural gas-fired Chinook Power Station near Swift Current, completion of the Pasqua to Swift Current Transmission Line, and announcement of a Request for Proposal (RFP) phase of the planned 350-MW natural gas-fired Great Plains Power Station in Moose Jaw.
The full annual report is available on SaskPower’s website.
