SaskPower pushing ahead with 8% rate increase
SaskPower profits declined to $11 million in 2021-22, which means the government will push ahead with an eight per cent rate increase request.
“The net income for 2021-22 was $11 million, down $149 million compared to 2020-21. The reduction in earnings was largely due to extremely dry conditions which led to a 33 per cent decrease in hydro generation,” said Don Morgan, minister in charge of SaskPower.
The NDP believe the government should hold off on the rate increase application.
“We’re facing a generational, a forty year affordability crisis and what do we see Scott Moe focused on? It’s not the needs of the people of this province,” said NDP leader Carla Beck.
The rate review panel has yet to agree to SaskPower’s request. SaskPower’s small profit could add weight to its argument for a rate increase.
SASKENERGY GAINS OWNERSHIP OF REGINA OFFICE
SaskEnergy has gained ownership of its Regina head office building following a decade long legal battle.
The courts have ordered that a deal proceed, which gave SaskEnergy the option to buy the building for far less than what it is worth.
It was a deal almost too good to be true. In the early 2000’s, the previous NDP government signed a deal to rent the building for 10 years with an option to purchase at the end for $19 million.
When the time came to sign the cheque, the building had gained $30 million in value and the landlord backed out of the deal.
After a 10 year legal battle, SaskEnergy won and now owns its head office building. The financial gain was reflected in SaskEnergy’s annual report with an $82 million profit for 2021.
“As a result of that conclusion and the awarding of the building to SaskEnergy, the accounting rules require us to report a non-cash accounting adjustment,” said Chief Financial Officer of SaskEnergy Christine Short.
CTVNews.ca Top Stories
Vatican shelves sexual assault probe into Cardinal Marc Ouellet
Pope Francis is declaring that there is not enough evidence to open a canonical investigation for sexual assault against Quebec Cardinal Marc Ouellet. The pontiff made the statement Thursday through the director of the Holy See press office.
Closed-door national security committee of parliamentarians reviewing spyware use
Parliament's top-secret national security committee is launching a review into federal agencies' ability to intercept private communications, on the heels of the RCMP revealing it has been using spyware as part of major investigations, for decades.
Advocates say use of NDAs should be banned in sexual misconduct settlements
In the wake of the Hockey Canada scandal, some advocates are calling for the use of non-disclosure agreements to be banned or restricted in settlement agreements in cases involving abuse.
BREAKING
BREAKING | Trump Organization CFO pleads guilty in tax evasion case
A top executive at former U.S. President Donald Trump's family business pleaded guilty Thursday to evading taxes in a deal with prosecutors that could potentially make him a star witness against the company at a trial this fall.
Majority of people with Omicron don't know they have it: study
A new study has found that more than half of people infected with the Omicron variant of COVID-19 were unaware they had it. Undiagnosed infections could be the reason why the variant spread so rapidly, according to researchers.
Canada-wide shortage of liquid Children's Tylenol now also impacting chewables
A nationwide shortage of liquid Children’s Tylenol is also impacting generic chewables, with Quebec-based Laboratoire Riva reporting a shortage due to rising demand.
Ukraine's Zelenskyy hosts talks with UN chief, Turkey leader
Turkey's president and the UN chief met with Ukrainian President Volodymr Zelenskyy on Thursday in a high-stakes bid to ratchet down a war raging for nearly six months, boost desperately needed grain exports and secure the safety of Europe's biggest nuclear power plant.
Ontario releases plan to stabilize health-care system amid bed and staffing shortages
The next phase of Ontario's 'Plan to Stay Open' involves transferring of seniors from hospital to alternative long-term care homes, the hiring of thousands of health-care workers and a pledge to reduce surgical backlog.
No drugs, just lots of dancing at 'wild' party: Finland PM Sanna Marin
Finland's prime minister says she did not take any drugs during a 'wild' party in a private home, adding she did nothing wrong when letting her hair down and partying with friends.
Saskatoon
-
Province, VIDO encourage booster doses as COVID-19 is once again on the rise
University of Saskatchewan researchers say the viral load of COVID-19 in Saskatoon’s wastewater has shown a week-over-week increase the past month, potentially meaning cases of the virus are on the rise.
-
Sask. RCMP warning of text message scam
Saskatchewan RCMP is warning people of a text message came happening around the province.
-
Some parents facing affordability challenges with increased school supply prices
With the first day of classes looming, some parents shopping for school supplies are facing affordability challenges with higher priced essentials.
Winnipeg
-
Eviction warnings handed to longtime Manitoba legislature encampments
Eviction warnings have been given to two longtime encampments on the Manitoba legislature grounds.
-
Suspects riding ATV shot 4-year-old girl: Manitoba RCMP
The Manitoba RCMP alleges that a four-year-old girl was shot by two suspects riding around on an ATV in Norway House on Tuesday.
-
'We feel settled': Pukatawagan residents to return home thanks to temporary generators
A community in northern Manitoba evacuated over a month ago due to the threat of wildfire can return home thanks to the installation of a pair of temporary generators.
Calgary
-
Woman killed, man injured in early morning Evergreen shooting
Calgary police are investigating a shooting in the community of Evergreen that left one person dead and another fighting for their life.
-
Pedestrian killed by CTrain in city's southwest
One person is dead after they were hit by a CTrain along Bow Trail shortly after midnight.
-
Team releases endangered northern leopard frog tadpoles into B.C. wetlands
More than 1,900 tadpoles of the endangered northern leopard frog have been released into the wild in the last few months.
Edmonton
-
Edmonton activates emergency weather response with hot weekend ahead
The city has activated its extreme weather response to keep vulnerable people safe during the hot weather forecasted over the weekend.
-
2 charged in glasses heist from Fort Saskatchewan business, 1 still at large
Two people have been arrested and charged after more than $50,000 in frames were stolen from a Fort Saskatchewan eye care clinic earlier this week.
-
Motorcyclist airlifted from scene of Highway 16 crash
A motorcyclist was flown by STARS to a hospital in Edmonton Wednesday night after a crash with a motorhome on Highway 16 east of Edmonton.
Toronto
-
Ontario releases plan to stabilize health-care system amid bed and staffing shortages
The next phase of Ontario's 'Plan to Stay Open' involves transferring of seniors from hospital to alternative long-term care homes, the hiring of thousands of health-care workers and a pledge to reduce surgical backlog.
-
Here's the reaction to Ontario's health-care system changes
Ontario health-care workers, advocates and politicians say they are "deeply troubled" by the slew of health-care and long-term care announcements released Thursday.
-
Ontario police warn fraudsters are posing as fire personnel, selling fake 'safety kits'
An Ontario police force is warning of a new scam in which fraudsters are allegedly posing as fire officials and attempting to sell fake “safety kits.”
Ottawa
-
Freedom Convoy-affiliated group alleges attempted eviction from Ottawa church
Tensions are high at a historic church in Ottawa's Lowertown neighbourhood in an apparent dispute over unpaid rent between the property owner and the group with ties to the ‘Freedom Convoy’ occupation planning to purchase the property this fall.
-
Ontario releases plan to stabilize health-care system amid bed and staffing shortages
The next phase of Ontario's 'Plan to Stay Open' involves transferring of seniors from hospital to alternative long-term care homes, the hiring of thousands of health-care workers and a pledge to reduce surgical backlog.
-
Eastern Ontario doctor facing 3 new murder charges
An eastern Ontario doctor who was charged with first-degree murder in the death of a patient is facing three new murder charges, Ontario Provincial Police have announced.
Vancouver
-
B.C. COVID-19 modelling group estimates infections '100-fold' higher than official count
British Columbia's official count of COVID-19 cases is underestimating the spread of the disease in the province by a factor of 100, according to an independent group of researchers.
-
Representing Canada, Vancouver team defeats Australia in Little League World Series
It started with a lengthy weather delay, but it turned out to be a g'day at Volunteer Stadium for Canada at the 75th Little League World Series.
-
Waterfront development dispute: Supreme Court won't hear appeal over $1B Vancouver property
The Supreme Court of Canada has refused to hear an appeal from property developer Concord Pacific Acquisitions, ending a long-running legal dispute over the billion-dollar development of one of Vancouver's last parcels of waterfront land.
Montreal
-
2 dead in Laurentians in presumed domestic violence, children in youth protection
A case of alleged domestic violence has left two people dead and two children in youth protection in Sainte-Marthe-sur-le-Lac.
-
Vatican shelves sexual assault probe into Cardinal Marc Ouellet
Pope Francis is declaring that there is not enough evidence to open a canonical investigation for sexual assault against Quebec Cardinal Marc Ouellet. The pontiff made the statement Thursday through the director of the Holy See press office.
-
Quebec COVID-19 vaccinations increase as infection rates remain stable
The number of Quebecers receiving treatment for COVID-19 has increased by eight, according to public health officials.
Vancouver Island
-
NEW
NEW | Cliff jumper suffers serious injuries in plunge at Comox Lake
A 20-year-old man was airlifted to hospital Tuesday after he suffered serious injuries while cliff jumping at Comox Lake, near Cumberland, B.C. Firefighters and paramedics were called to a spot known as Devil's Ladder, a 30-metre rock face that has long attracted adventure-seekers.
-
'We can just be people again:' Inmates at Saanich jail carve totem pole as healing step
Behind the walls of a jail in Saanich, B.C., there are people working on a totem pole. Since last summer, some 70 inmates have chipped away at the pole at the Vancouver Island Regional Correctional Centre. It's a project they say gives them a moment to forget they're locked up.
-
E-bike stolen from Nanaimo hospital worker while on shift
Nanaimo RCMP are looking for a stolen e-bike that was swiped outside of the Nanaimo Regional General Hospital on Wednesday night.
Atlantic
-
Saint John Police investigating Wednesday afternoon homicide
Police say three unidentified masked men with dark clothing forced their way into an apartment where 39-year-old Justin David Breau was stabbed. The suspects ran away towards Garden Street before police arrived.
-
Number of New Brunswickers waiting in hospital for nursing home beds increases, again
Despite promises that it’s a priority, the number of people, mostly seniors, waiting in New Brunswick hospitals for a nursing home bed has increased, according to numbers collected by the Coalition for Seniors’ Rights.
-
Pain, fever medicines for children scarce on pharmacy shelves
The IWK Health Centre says its inpatient and emergency supplies of liquid acetaminophen and ibuprofen products is adequate.
Northern Ontario
-
Northern Ont. MPP begs province to stop the closure remote community's only health care option
With another small northern Ontario community set to lose its only health care provider at the end of the month, Nickel Belt MPP France Gelinas is begging the province for help.
-
Majority of people with Omicron don't know they have it: study
A new study has found that more than half of people infected with the Omicron variant of COVID-19 were unaware they had it. Undiagnosed infections could be the reason why the variant spread so rapidly, according to researchers.
-
As home prices drop, here's what you can get in Canada's most affordable markets
CTVNews.ca has compiled a list of homes in some of the most affordable regions across Canada, as many real estate markets see drops in average prices.
Kitchener
-
Woodstock man charged in connection to explosives investigation
An investigation into reports of explosions has resulted in a Woodstock man’s arrest.
-
'It's never been enough': ODSP recipients struggle to make ends meet
Earlier this week, the Ontario government announced it is following through with an earlier promise to bolster the support people receive through ODSP, but advocates say the government needs to do more to address the living wage gap those living on ODSP face.
-
Ontario releases plan to stabilize health-care system amid bed and staffing shortages
The next phase of Ontario's 'Plan to Stay Open' involves transferring of seniors from hospital to alternative long-term care homes, the hiring of thousands of health-care workers and a pledge to reduce surgical backlog.