Sask. Party promises higher bills as SaskPower loses $172M

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. 

Crown Report Release Dates

Crown

2021-22

2020-21

2019-20

SaskPower

July 6, 2022

July 7, 2021

July 6, 2020

SaskEnergy

July 6, 2022

July 7, 2021

July 7, 2020

SaskTel

July 7, 2022

July 8, 2021

July 8, 2020

SGI

July 5, 2022

July 6, 2021

July 9, 2020

CIC

July 7, 2022

July 8, 2021

July 10, 2020

“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.”

-30-

 

Latest posts

SASK. NDP PUSHES FOR GAS TAX RELIEF AS SASKATCHEWAN FACES HIGHEST PUMP PRICES IN THE PRAIRIES

EMERGENCY MOTION WILL LOWER GAS PRICES BY 15 CENTS STARTING TOMORROW

REGINA – As Saskatchewan drivers struggle with the highest gas prices in the Prairies, Saskatchewan NDP Leader Carla Beck and her caucus will introduce an emergency motion today in the Legislature that will slash gasoline and diesel prices by 15 cents per litre starting tomorrow. 

Same Old Throne Speech from the Same Old Sask. Party

After 17 years, Sask. Party offers no new solutions on critical issues, like affordability and healthcare 

REGINA – Today’s Speech from the Throne was more of the same from the same old Sask. Party. After 17 years, the Sask. Party is out of ideas and pressing ahead with a plan that will see devastating cuts to healthcare and education.

Sask Party’s Broken Promises Leading To 130 Layoffs, Official Court Filings Show

Government’s Incompetence on Economy Spurs Lawsuit

REGINA - Saskatchewan NDP Jobs and Economy Shadow Minister Aleana Young is calling on the Sask. Party government to take responsibility for decisions that have jeopardized jobs in Martensville and Warman, as revealed in official court filings.

Share this post