SaskPower’s Losses and Hidden Costs

SaskPower took a $114 million hit last year despite a $187 million Crown grant, thanks to dropping the federal carbon tax while still paying Saskatchewan’s own performance standards — a move the opposition says hides a $300 million real loss, funded by other Crown profits and ultimately passed to customers via rate hikes. They’re calling for Ontario-style independent oversight, while CIC’s own earnings plunged to $173 million and now carries a 66.4% debt load. Meanwhile, other Crown corps like SaskTel and SaskEnergy posted profits — with Lotteries leading at $240 million — while SaskPower poured $1.8 billion into grid upgrades, nearly 70% of all provincial Crown capital spending. The challenge ahead? Modernize the grid, meet demand, and keep electricity affordable — all while managing ballooning costs. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2d8a385d97b969d3