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Sask. getting back millions from CIC increased earnings

Jul 21, 2016 | 5:46 PM

Despite their individual challenges Saskatchewan’s Crown corporations showed a healthy profit this past year.

The Crown Investment Corporations (CIC) annual report shows for the 15 months that ended March 31, 2016, net earnings were $342 million, up by $179 million from 2014.

It meant dividends of $297 million will be given back to the people of Saskatchewan into the general revenue fund.

During this fiscal year, $1.8 billion was spent on capital, $1 billion of that by SaskPower as it looks to address its distribution growth, infrastructure upgrades, and build a new power plant.