Postal Service Disruption | Interruption des services postaux

Show more Show less

Government of Saskatchewan ministries, Crown corporations and organizations are working to minimize the impacts of the postal service disruption.

Les ministères, les sociétés d’État et les organismes du gouvernement de la Saskatchewan travaillent à réduire au minimum les répercussions de l’interruption des services postaux.

Language

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

SASKENERGY TABLES 1995 ANNUAL REPORT

Released on April 24, 1996

SaskEnergy Incorporated posted $58 million in net income in 1995 and
declared a dividend of $32 million to the Crown Investments Corporation
(CIC) of Saskatchewan. The corporation's financial and operational
achievements were released today in its 1995 annual report, tabled by
Eldon Lautermilch, minister responsible for SaskEnergy.

The corporation's net income was $7 million lower in 1995 than in the
previous year, due mainly to lower natural gas transmission revenues
that resulted from soft natural gas prices, and higher depreciation and
interest costs.

"Although SaskEnergy's net income was lower in 1995 than 1994, the
corporation continues to serve the province reliably and efficiently,"
Lautermilch said. "The natural gas industry has many business risks,
such as weather and natural gas price volatility. I believe SaskEnergy
has been managing these risks effectively. Last year, the corporation
reduced its natural gas utility rates by an average of 6.5 per cent and
continued to provide Saskatchewan customers with the second-lowest
rates of any province in Canada.

"In addition, SaskEnergy's transmission company, TransGas, successfully
completed its largest pipeline expansion ever, with the $114-million,
325-kilometre Goodsoil-to-Rosetown project. The new pipeline will
encourage further development of Saskatchewan's natural gas reserves
and provide natural gas producers additional pipeline capacity to get
their gas supplies to domestic and export markets."

Lautermilch added the corporation is well positioned to meet the
changing needs of customers.

"Benchmarking initiatives show both SaskEnergy and TransGas are in the
top quarter of comparable North American companies in being cost
efficient, providing competitive rates and customer service. I am
confident the corporation's employees will maintain their level of
innovation, productivity, and service to ensure the natural gas
industry's future challenges are met successfully."

-30-

For more information, contact:

Shaf Hussain
Corporate Affairs
SaskEnergy
Regina
Phone: (306) 777-9153

We need your feedback to improve saskatchewan.ca. Help us improve