Safety remained a core focus in 2017-18 as the Corporation dedicated $109 million toward increasing safety across its more than 85,000 kilometres of pipelines. SaskEnergy continued to upgrade service connections and its damage prevention program resulted in a 3.5 per cent reduction in pipelines damaged by unsafe digging — part of a 37 per cent reduction in incidents since 2013.
SaskEnergy invested in projects to move high pressure transmission pipelines away from cities while significantly increasing capacity to serve the growing number of homes, businesses and industries that rely on natural gas.
In 2017-18, SaskEnergy recorded income before unrealized market value adjustments of $110 million, compared to $70 million for the 12-month period ending March 31, 2017. The Corporation declared a dividend of $39 million to Crown Investments Corporation (CIC), based on 2017-18 income before unrealized market value adjustments. Unrealized market value adjustments were favourable in 2017-18 resulting in a consolidated net income of $144 million.
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