SaskPower

What SaskPower does

SaskPower (legal name: Saskatchewan Power Corporation) is a provincial Crown corporation incorporated under The Power Corporation Act of Saskatchewan and the principal vertically integrated electric utility in the province, founded in 1929 and headquartered in Regina. The utility operates as a regulated monopoly serving approximately 1.2 million residents across residential, commercial, agricultural, and industrial customers in Saskatchewan through its owned generation, high-voltage transmission, and distribution networks, with a wholly owned energy-trading subsidiary, NorthPoint Energy Solutions. As a Crown corporation owned by the Province of Saskatchewan through Crown Investments Corporation (CIC), SaskPower is not publicly traded and is overseen by a provincial minister; in fiscal 2025-26 it received a CAD $187 million grant from CIC after reporting a CAD $114 million net loss driven by discontinued federal carbon-charge collection while remaining obligated under Saskatchewan's Output-Based Performance Standards Program. Customer access is enabled through the saskpower.com website, the MySaskPower portal, mobile apps for iOS/Android, phone (310-2220), in-person service centres, and the engage.saskpower.com community consultation platform.

SaskPower operates a mixed generation fleet spanning coal-fired plants (including the Boundary Dam Carbon Capture and Storage facility capturing ~1 million tonnes of CO2 per year, the Shand CCS test facility, and the Amine Chemical Laboratory), natural gas cogeneration, hydroelectric (including Island Falls), wind, and solar assets, and is actively pursuing a coal-to-nuclear transition strategy. This strategy includes evaluating the GE Vernova Hitachi BWRX-300 small modular reactor near Estevan with construction targeted for 2029 and commercial operation by 2034, alongside a concurrent large nuclear reactor technology evaluation on a 15-20 year timeline leveraging Saskatchewan uranium. The utility has set a renewable procurement target of 3,000 MW of wind and solar by 2035, executing 25-year power purchase agreements with Indigenous-equity participation including the 100 MW Mino Giizis solar project (Neoen / Anishinabek Power Alliance, 50% Indigenous-owned) and the 100 MWac Turning Sun Solar (Greenwood Sustainable Infrastructure / Ocean Man First Nation). Notable proprietary technical assets include the Boundary Dam CCS project (one of few full-scale post-combustion CCS deployments worldwide), the 85 km / 110 kV Foran Mining interconnection, the 138 kV Denison Mines uranium-mine line, and the in-development North-South Grid Interconnection with new transmission lines manufactured in Saskatoon to link the province's separate northern and southern grids.

Revenue is derived from regulated retail electricity tariffs (fixed charges plus volumetric rates, with rate increases planned for 2026 and 2027), bespoke industrial power purchase agreements (K+S Potash 62 MW through 2034, BCE 300 MW AI data center, Foran Mining transmission, Steel Reef cogeneration), long-term renewable PPAs, and transmission services under an Open Access Transmission Tariff (OATT). Strategic customers span data center / technology (BCE), mining (K+S Potash, Foran Mining, Denison Mines), independent power producers (Neoen, Greenwood Sustainable Infrastructure), and the broader residential and farm base. Major institutional partnerships include an MOU with Bruce Power for nuclear expertise sharing, an MOU with the Saskatchewan First Nations Natural Resource Centre of Excellence (representing 74 First Nations) for Indigenous equity participation, and a consortium with the University of Regina, University of Saskatchewan, and Saskatchewan Polytechnic to operate Western Canada's first SMR Safety, Licensing, and Testing Centre.

Name

SaskPower

Legal name

Saskatchewan Power Corporation

Website

https://saskpower.com

Company type

Private

Founded year

1929

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SaskPower (Saskatchewan Power Corporation) is a provincial Crown-owned electric utility operating a vertically integrated generation, transmission, and distribution monopoly serving approximately 1.2 million residential, commercial, agricultural, and industrial customers across Saskatchewan, Canada.

Ownership category

akta.pro rank

Product category

Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Hydroelectric Power Generation (221111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale Combined-Cycle Gas Turbine (CCGT) Generation (EUACABAA)

akta.pro secondary industries

Pumped-Storage Hydroelectric Generation (EUACAEAC), Owner’s Engineering, Grid Interconnection & System Studies (PVsyst/Performance Modeling, Protection Studies) (EUACAGAG), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Electric utility services
• Power generation
• Transmission and distribution
• Renewable energy
• Smart grid

Headquarters

HQ city

Regina

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D

Revenue model

1. Retail Electricity Sales: SaskPower generates the majority of its revenue from selling electricity to end-use customers across residential, commercial, agricultural, and industrial sectors in Saskatchewan under regulated retail tariffs. Revenue is derived from a combination of fixed charges and consumption-based volumetric rates, with rate increases planned for 2026 and 2027.
2. Industrial Power Purchase Agreements: SaskPower enters into long-term power purchase agreements with industrial customers and independent power producers, selling grid access and bulk power to large consumers such as data centers (BCE's 300 MW facility) and mining operations (K+S Potash's 62 MW cogeneration facility).
3. Cogeneration / Industrial Power Supply: SaskPower purchases power generated from industrial cogeneration facilities (e.g., K+S Potash's expanded combined heat and power plant at Bethune mine near Moose Jaw, supplying up to 62 MW under an 8-year agreement through 2034), providing baseload power to the provincial grid.
4. Renewable Energy Procurement: SaskPower procures power from third-party renewable energy producers through 25-year power purchase agreements, including the Mino Giizis solar project (100 MW, 50% Indigenous-owned via Neoen partnership) and the 100 MWac Turning Sun Solar Project from Greenwood Sustainable Infrastructure.
5. Transmission Services: SaskPower operates an Open Access Transmission Tariff (OATT), generating revenue from transmission customers who pay for grid access and power wheeling services across Saskatchewan's transmission network. The utility is expanding interconnections to enable electricity exports to the United States.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

SaskPower is the principal electric utility in the province of Saskatchewan, generating electricity from a diversified fleet (coal, natural gas, hydroelectric, and wind), transmitting it across the provincial high-voltage grid, and distributing it to end customers. It also operates carbon capture and storage infrastructure and is developing small modular reactor capability to support long-term decarbonization.

Product overview

SaskPower is Saskatchewan’s Crown-owned provincial electric utility serving as the primary electricity supplier since 1929. The company operates a vertically integrated utility offering power generation, transmission, distribution, and customer services. Its core customer-facing products include MySaskPower (online account portal and mobile app), Smart Meters with opt-out options, real-time Power Outage Management with outage maps, and Power Savings and Programs (energy efficiency, demand response, EV resources). Grid infrastructure services encompass Transmission Infrastructure with interconnection capabilities, and Carbon Capture and Storage (Boundary Dam CCS, Shand Facility). Major strategic initiatives include a Small Modular Reactor (SMR) Program near Estevan targeting 2034 operations, a concurrent Large Nuclear Reactor evaluation (15-20 year timeline), and the North-South Grid Interconnection project. SaskPower procures renewable energy through Power Purchase Agreements with independent producers and enables Customer Generation/net metering. Supporting infrastructure includes MV-WEB for transmission customer meter data, a Partner Portal for contractor/vendor access, and various transmission line projects (Coteau Creek to Swift Current, Melfort and Lanigan reinforcement). The company is expanding generation capacity with projects including Aspen Power Station and Meadow Lake Replacement Power Station.

Differentiator

Problem solved

Functional benefit

Products and services

• Electricity generation Wholesale electricity production from SaskPower's diversified fleet (coal, natural gas, hydroelectric, wind) supplying the Saskatchewan grid.
• Electricity transmission and distribution High-voltage transmission and low-voltage distribution service delivering electricity from generation sources to residential, commercial, and industrial customers across Saskatchewan.
• Carbon capture and storage (CCS) Post-combustion carbon capture and storage operations at Boundary Dam Unit 3, one of the first commercial-scale CCS installations on a coal-fired unit.
• Customer electricity billing and account services Metering, monthly billing, account management, and customer service for residential, commercial, and industrial electricity customers across Saskatchewan.

Quantifiable outcome

• Coal plant extension to 2050 as bridge to nuclear: $1 billion/year ($26 billion over 25 years) in costs
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core.

• Bruce PowercoreStrategic or Co-development Partner · 16 April 2026SaskPower signed a memorandum of understanding with Ontario-based Bruce Power to share expertise in nuclear generation, project development, and long-term operations for large nuclear technologies in Saskatchewan. The agreement supports Saskatchewan's Energy Security Strategy, which envisions nuclear power generation from both SMRs and large nuclear reactors. SaskPower will also monitor outcomes from Bruce Power's Bruce C Project, the first new nuclear development in Canada to enter the federal Impact Assessment process. This partnership is a cornerstone of Saskatchewan's nuclear development strategy.
• Foran Mining CorporationcoreTechnology or Integration · 23 March 2026Foran Mining Corporation successfully energized its dedicated 85-km, 110 kV power transmission line connecting the McIlvenna Bay Project to SaskPower's electrical grid near the Island Falls Hydroelectric Generating Station, completing the infrastructure milestone ahead of schedule and on budget. The newly operational line provides secure, reliable, and renewable power to support commissioning of the processing plant, underground operations, and site infrastructure. The transmission line includes additional load capacity designed to support potential future mine expansions across Foran's district. SaskPower partnered in the construction and grid connection of this line.
• BCE Inc. (Bell Canada)coreStrategic or Co-development Partner · 17 March 2026BCE Inc. announced plans to build Canada's largest AI data centre in Regina, Saskatchewan — a 300-megawatt, $1.7-billion facility scheduled to open in 2027 — with power agreements secured through government-owned SaskPower and TransGas. Anchor tenants Cerebras and CoreWeave provide tech gear including Nvidia chips under 10-year non-cancelable contracts. Once operational, the data centre is projected to generate $500 million in annual revenue and more than $250 million in free cash flow for BCE, representing a 20% return on invested capital. SaskPower provides the power infrastructure for this facility.
• K+S Potash CanadacoreStrategic or Co-development Partner · 19 February 2026SaskPower signed an eight-year agreement to purchase up to 62 megawatts of natural gas-generated power from K+S Potash Canada's expanded cogeneration facility at the Bethune mine (31 km NE of Moose Jaw), with supply beginning in late 2026 through 2034. K+S is expanding the combined heat and power facility to include three natural gas turbines and heat recovery steam generators for cogeneration. The partnership provides baseload power to Saskatchewan's provincial grid while supporting potash industry expansion and helping K+S reduce its greenhouse gas footprint.
• Greenwood Sustainable Infrastructure (GSI)coreStrategic or Co-development Partner · 9 February 2026Greenwood Sustainable Infrastructure (GSI), a subsidiary of the Dream Hardwood Alternatives Trust, achieved financial close on a CAD $200 million construction-to-term and ITC bridge financing facility for its 100 MWac Turning Sun Solar Project in Saskatchewan, arranged in partnership with Ocean Man First Nation and led by Royal Bank of Canada and Desjardins Group. The facility operates under a 25-year Power Purchase Agreement with SaskPower. Road construction began in Q4 2025 with Barton Malow serving as EPC contractor, following an 18-month build schedule.
• Ocean Man First NationcoreStrategic or Co-development Partner · 9 February 2026Ocean Man First Nation is a development partner in GSI's Turning Sun Solar Project, contributing to the Indigenous partnership dimension of the 100 MWac facility that will operate under a 25-year PPA with SaskPower.
• Neoen and Anishinabek Power AlliancecoreStrategic or Co-development Partner · 20 January 2026SaskPower signed a 25-year power purchase agreement for the 100-megawatt Mino Giizis solar project, the largest solar farm in Saskatchewan, with 50% Indigenous ownership through a partnership between French renewable energy company Neoen and the Anishinabek Power Alliance. Construction is set to begin in 2027 with online operation in 2028. Neoen plans to hire 350 construction workers, with 75% being Indigenous, creating five permanent jobs and generating revenue for the four Treaty 4 Nations involved. SaskPower is seeking Indigenous equity ownership for this initiative.
• University of Regina, University of Saskatchewan, Saskatchewan PolytechniccoreImplementation/ SI/ Consulting Partner · 20 January 2026The University of Regina received $6.9 million in combined federal and provincial funding to establish Western Canada's first Small Modular Reactor Safety, Licensing, and Testing Centre at the Innovation Saskatchewan Research and Technology Park. The $8-million facility is led by University of Regina researchers in partnership with the University of Saskatchewan, Saskatchewan Polytechnic, and industry partners under the Global Institute for Energy, Minerals and Society. SaskPower committed $4 million to the centre. Canadian Nuclear Laboratories provides in-kind design support. The centre will design, develop, and license SMR technology while training a nuclear-ready workforce.
• Denison MinescoreTechnology or Integration · 8 January 2026Denison Mines announced that grid power supply from SaskPower is now available at the site of its future Phoenix in-situ recovery uranium mine in Saskatchewan following SaskPower's installation of a new 138 kV transmission line approximately 6 km in length. SaskPower completed this infrastructure milestone, which the CEO described as a major project milestone that de-risks construction and provides competitive advantage given reliable and cost-effective grid power. Construction activities remain subject to regulatory approvals and final investment decision by Denison.
• Saskatchewan First Nations Natural Resource Centre of ExcellencecoreStrategic or Co-development Partner · 1 January 2025SaskPower signed a memorandum of understanding with the Saskatchewan First Nations Natural Resource Centre of Excellence (representing 74 First Nations) to advance Indigenous participation in the power sector, including ownership and investment opportunities in nuclear energy projects. The Centre, led by Sheldon Wuttunee, will prioritize supporting First Nations communities pursuing equity ownership as Saskatchewan transitions away from coal, with Minister Jeremy Harrison describing the organization as a key partner. The province plans 900 MW of renewable energy featuring First Nations equity participation.

Scale indicators9 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Ontario Power Generation (OPG): Ontario's provincial Crown-owned electric generation company operating a diverse fleet (nuclear, hydro, gas, renewables) and serving as a direct comparable for SaskPower's vertically integrated generation business. Both utilities are pursuing SMR deployment and major transmission investment as Crown corporations.
• BC Hydro: British Columbia's provincial Crown-owned integrated electric utility, comparable in size, regulatory model, and capital-intensity. Operates generation, transmission, and distribution under a monopoly franchise, with a similar customer mix of residential, commercial, and resource-extraction industrial loads.
• Hydro-Québec: Québec's provincial Crown-owned electric utility, the largest in Canada. Directly comparable as a vertically integrated monopoly utility pursuing renewable buildout, large transmission projects, and interconnections to US markets, with similar fiscal and policy dynamics tied to a provincial government owner.
• Manitoba Hydro: Manitoba's provincial Crown-owned integrated electric utility with a predominantly hydroelectric generation fleet. Directly comparable Crown-utility structure, with similar rural and Indigenous customer base, and current role as the source of power wheeling that SaskPower's new north-south grid interconnections aim to reduce reliance on.
• Bruce Power: Ontario-based nuclear generation operator and SaskPower's strategic MOU partner. Highly relevant as a peer in Canadian nuclear operations and SMR/large reactor project development, with shared expertise-transfer relationship and overlapping supplier and licensing ecosystem.
• Capital Power Corporation: Alberta-based publicly traded power generation company with a mix of natural gas, wind, and solar assets, pursuing growth in renewables and data-center load. Comparable generation mix and decarbonization pathway to SaskPower's non-nuclear fleet, though operates as an IPP rather than a regulated utility.
• TransAlta Corporation: Alberta-based power generation company with wind, hydro, gas, and emerging storage assets, actively transitioning its coal fleet. Comparable generation-mix evolution and carbon-capture pilot experience to SaskPower, with overlapping exposure to data-center and industrial PPAs in Western Canada.
• New Brunswick Power (NB Power): New Brunswick's provincial Crown-owned integrated electric utility, with a generation mix including nuclear, fossil, and renewables. Comparable in scale, Crown-utility structure, and pursuit of SMR deployment (in partnership with ARC Clean Energy / Moltex), making it a directly comparable peer for SaskPower's nuclear strategy.

Broad incumbents

• ATCO Ltd. Alberta-based diversified infrastructure company with regulated and non-regulated electricity and natural gas operations, including renewable generation and Indigenous partnership models. Comparable as a Western Canadian energy infrastructure operator with significant project development and Indigenous engagement experience.
• AltaGas Ltd. Canadian energy infrastructure company operating natural gas utilities, processing, and renewable power generation across North America. Comparable as a Canadian utility with regulated and merchant power operations, gas-fired generation, and renewables development, though more diversified geographically and across fuel types.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/follow
• YouTubeyoutube.com/user/Poweringthefuture?sub_confirmation=1
• Facebookfacebook.com/saskpower
• LinkedInlinkedin.com/company/saskpower
• Instagraminstagram.com/saskpower

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SaskPower