Saskatchewan Power Corporation
 |
|
| Crown Corporation | |
| Industry | Electric utility |
| Founded | 1929 |
| Headquarters | Regina, Saskatchewan, Canada |
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Area served
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Saskatchewan |
|
Key people
|
Mike Marsh, CEO |
| Products | Electricity generation, transmission and distribution |
| Revenue | C$2,296 million (2015) |
| C$26 million (2015-16) | |
| Total assets | C$10,434 million (2015-16) |
| Total equity | C$2,146 million (2012) |
| Owner | Government of Saskatchewan |
|
Number of employees
|
3,150 (2015-16) |
| Parent | Crown Investments Corporation of Saskatchewan |
| Subsidiaries | NorthPoint Energy Solutions |
| Website | www |
SaskPower is the principal electric utility in Saskatchewan, Canada. Established in 1929 by the provincial government, it serves more than 522,000 customers and manages over $10 billion in assets. SaskPower is a major employer in the province with over 3,150 permanent full-time staff located in approximately 70 communities.
SaskPower was founded as the Saskatchewan Power Commission in 1929, becoming the Saskatchewan Power Corporation in 1949. The abbreviated name SaskPower was officially adopted in 1987.
Owned by the government through its holding company, the Crown Investments Corporation, SaskPower is governed by a Board of Directors who are accountable to the provincial government Minister Responsible for Saskatchewan Power Corporation.
SaskPower has the exclusive right and the exclusive obligation to supply electricity in the province, except in the city of Swift Current and most of the city of Saskatoon. The Swift Current Department of Light and Power provides electrical services within the municipal boundary of Swift Current.Saskatoon Light & Power provides service to the customers within the 1958 boundaries of Saskatoon while SaskPower has responsibility for areas annexed after 1958.
SaskPower serves more than 522,000 customers through more than 157,000 kilometres of power lines throughout the province and covers a service territory that includes Saskatchewan's geographic area of approximately 651,000 km2 (251,000 sq mi). This relatively low customer density means that while most North American electrical utilities supply an average of 12 customers per circuit kilometre, SaskPower supplies about three. In fiscal year 2015-16, total electricity revenue was $2,690 million (Canadian) on sales of 27,382 gigawatt hours of electricity.
SaskPower has a generating capacity of 3,542 megawatts (MW) from 17 generating facilities, including three coal-fired power stations, five natural gas stations, seven hydroelectric stations, and two wind power facilities. SaskPower also buys power from various independent power producers (IPPs) including the North Battleford Generating Station, Cory Cogeneration Station, Spy Hill Generating Station, Morse Wind Energy Facility, Red Lily Wind Power Facility and SunBridge Wind Energy Facility. SaskPower's total available generation capacity is 4,437 MW.
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Wikipedia