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.
An Amber Alert was issued for two-year-old Holdan Keewatin Sunday afternoon, after the Regina Police Service asked for public assistance in the search for the child.
The rapid growth of a long-burning forest fire in central Newfoundland has triggered a state of emergency in the area and the expansion of an outdoor fire ban to the entire province.
Air Canada denied a customer complaint and instructed employees to classify flight cancellations caused by staff shortages as a "safety" problem, which would exclude travellers from compensation under federal regulations. That policy remains in place.
Five people, including a suspect, were taken to hospital with serious injuries after a violent incident that drew a massive police presence to downtown Vancouver's main entertainment district Saturday night.
A ceasefire between Israel and Palestinian militants took effect late Sunday in a bid to end nearly three days of violence that killed dozens of Palestinians and disrupted the lives of hundreds of thousands of Israelis.
Ukrainian President Volodymyr Zelenskyy said on Sunday that if Russia proceeded with referendums in occupied areas of his country on joining Russia, there could be no talks with Ukraine or its international allies.
A Dutch man accused of tormenting British Columbia teen Amanda Todd via online threats has been found guilty of all charges he faced in connection with the case, a jury ruled on Saturday.
A B.C. wildfire that has forced hundreds from their homes didn't increase in size overnight, but the hot weather Sunday means "containment lines could be challenged," according to the wildfire service.
An Amber Alert was issued for two-year-old Holdan Keewatin Sunday afternoon, after the Regina Police Service asked for public assistance in the search for the child.
While the peak of the Perseids meteor shower, one of the brightest of the year, may be next week, now may be the best time to see the astronomical event, according to The Weather Network.
The first week of Folklorama's return to in-person multicultural celebrations is wrapping up, with thousands of Winnipeggers visiting 12 pavilions across the city over the first seven days. Festival organizers say it couldn't have gone better.
Alberta Health Services has issued an enforcement order against a Banff home after an inspection discovered that as many as 42 people were staying inside the property.
Family members, friends and veterans gathered Sunday to pay their respects and remember the lives of Albertans who died while fighting in peacekeeping missions and support operations around the world.
The City of Toronto has extended the hours of seven city-run pools in an effort to help residents cool off amid heat warnings issued by Environment Canada.
Ontario's legislature is set to resume this week for the first time since the re-election of Premier Doug Ford's Progressive Conservatives, with politicians returning amid a health-care staffing crisis and skyrocketing inflation.
A heat warning and a rainfall warning remain in effect for the city of Ottawa, with Environment Canada warning the capital could see up to 100 mm of rain by Monday night.
The price of gas has gone down by almost 40 cents in Ottawa since June. But it’s back up seven cents on Sunday and those who drive for a living are spending hundreds of dollars on fuel every week.
Five people, including a suspect, were taken to hospital with serious injuries after a violent incident that drew a massive police presence to downtown Vancouver's main entertainment district Saturday night.
A B.C. man's lawsuit against Facebook – in which he is claiming $50 million in damages because the social media giant did not take down an "imposter page" – will be allowed to proceed, according to a court ruling.
Abdulla Shaikh, the man suspected of killing three men at random in the Montreal-area last week, allegedly threatened employees while receiving treatment at a hospital for mental health issues.
Three boys out fishing in Kahnawake on the South Shore of the Saint Lawrence River spotted a seal on Sunday morning, more than 1,000 kilometres from its natural habitat.
A B.C. man's lawsuit against Facebook – in which he is claiming $50 million in damages because the social media giant did not take down an "imposter page" – will be allowed to proceed, according to a court ruling.
One of the longest serving MLA’s currently in the New Brunswick legislature says he was the one to offer new Liberal leader Susan Holt his seat should she choose to run in a by-election before the next provincial election.
The rapid growth of a long-burning forest fire in central Newfoundland has triggered a state of emergency in the area and the expansion of an outdoor fire ban to the entire province.
According to police, Lucien Dubois was last seen leaving a residence on Boom Road in his vehicle Friday. He was later reported missing Sunday afternoon.
Manitoulin Transport has been delivering, numerous skids of dry pet food and cleaning supplies to Ontario Wildlife Rescue Centres across the province at no charge since the beginning of the year.
The aftermath of the Old Marina Restaurant fire, a storm that tore through Elora, and the continued decreased of real estate prices in Waterloo Region round out the top stories of the week.
