REGINA – SaskEnergy released its annual report Monday calling 2014 one of the most challenging years in its history.
The province’s natural gas system was put to the test through one of the coldest winters in decades, summer flooding and substantial ground shifting in some areas.
SaskEnergy recorded an income of $47 million dollars last year, which is down from $79 million in 2013.
The Regina Beach home explosion in December cost the crown corporation $4 million.
“We created the ability for the pipeline infrastructure to move,” said Doug Kelln, SaskEnergy CEO. “The second thing we did is actually install measurement devices so we can tell if movement is occuring. That is effectively done. We’re now monitoring the situation through the spring and summer as we go forward.”
Following the explosion, Kelln said crews checked 80 different communities for possible ground shifting issues.
However, SaskEnergy said its on target for a recorded income of $73 million in 2015.
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