SaskPower

SaskPower projecting rare $100M loss this year

SaskPower projecting rare $100M loss this year

SaskPower is projecting a net shortfall of $105 million this fiscal year, something the minister responsible for the Crown corporation, Don Morgan, says is rare. SaskPower reported a net income loss of $97 million in the first half of 2022-23, a period that ending Sept. 30. Over the same period in 2021-22, the corporation reported $13 million in net income. The $110-million swing was due to a $172-million increase in expenses.