SaskEnergy posts $55M profit: report
SaskEnergy had a strong year in 2010, the Crown corporation says in its annual report.
The provincial supplier of natural gas recorded a profit of $55 million, paid the province a dividend of $18 million and added more than 5,000 new customers in 2010, Dustin Duncan, the minister responsible for SaskEnergy, said as the corporation's report was tabled in the provincial legislature on Tuesday.
"Once again in 2010, SaskEnergy supported the growing Saskatchewan economy with competitive natural gas rates, providing safe, reliable service while making meaningful productivity gains across the company," Duncan said.
"As well, SaskEnergy continued in its leadership role on environmental issues, developing innovative waste heat recovery projects as a key step toward its goal of energy self-sufficiency by 2015."
Industrial sector growth, led by the potash industry, and new gas-fired power generation as well as the company's continuing gas marketing efforts contributed to the profitable year, the company said in a news release.
