Crown Investments Corporation announced a $68 million contribution to Saskatchewan's general revenue fund during a news conference in Saskatoon on June 23, 2026, as provincial Crown corporations tabled their mixed annual financial reports.
The holding company for provincial utilities reported varied net incomes alongside escalating infrastructure costs and weather-related expenses across the sector.
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SaskTel recorded a net income of $104 million from $1.3 billion in overall revenue during the 2025-26 fiscal year, allocating $443 million toward capital spending and issuing a $41 million dividend.
SaskEnergy generated $96 million in net income while directing $430 million to capital projects, resulting in a $34 million dividend payment to the holding company.
The financial results for SaskPower showed a gross loss of $301 million, which a $187 million provincial subsidy mitigated to a final net loss of $114 million.
The power corporation spent $1.8 billion on electrical grid modernization, including a major project linking the northern and southern power systems of Saskatchewan.
Energy Strategy Defended
Jeremy Harrison, the Minister responsible for Crown Investments Corporation, defended the provincial energy strategy, which designates over $900 million for nuclear power development and includes a recently initiated 200-megawatt wind project.
"We have the second lowest utility bundle in the entire country," said Harrison.
Harrison maintained that keeping existing coal-fired generation operational beyond 2030 remains necessary to satisfy rising electricity demands across the province.
"We're not taking existing generation off the grid because we have an enormous demand that is coming forward," said Harrison.
