Under Scott Moe’s management, crown net profits have dropped over $350M
REGINA - Today, Official Opposition Leader Carla Beck, SaskPower Critic Aleana Young, and Affordability Critic Trent Wotherspoon denounced the quietly released Crown Annual Reports.
“People shouldn’t pay for the Sask. Party’s colossal mismanagement of our Crowns,” said Beck. “We’re talking about the loss of hundreds of millions of dollars that could keep costs for working families lower. Instead, we’re paying for their mistakes.”
Under Scott Moe, Saskatchewan’s Crown profits have dropped from $361 million in 2021-22 to just $7.4 million last year, down over $300 million. This is a trend under the Moe government as Crown net profits have declined since he became Premier in 2018. SaskPower reports a net loss of $172.1 million for 2022-23, a year which saw customer rates increased 11%.
“It’s wild that the Sask. Party has promised to hike power rates every single year until 2050,” said Young. “We all know Scott Moe and the Sask. Party have done nothing about the cost-of-living crisis, and have no affordability plan, but no one thought they’d come out and actually promise to keep raising our bills.”
The Sask. Party quietly released the Crown Annual Reports last Friday afternoon — weeks later than previous years — with no news releases, no technical briefings for journalists, and no press conferences.
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Crown Report Release Dates |
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Crown |
2021-22 |
2020-21 |
2019-20 |
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SaskPower |
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SaskEnergy |
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SaskTel |
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SGI |
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CIC |
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“This is a government desperate to hide their failures, but these failures are leading to working families paying $1,608 more a year in taxes and utilities,” said Wotherspoon. “It’s time to replace this tired and out of touch government before they do any more damage to our Crowns, or to the finances of families in our province.”
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