SaskPower posts $114 million loss in 2025-26 after removing federal carbon charge rider despite $187 million grant

SaskPower ended the 2025-26 fiscal year with a net loss of $114 million, a sharp swing from the $76 million profit the year before. The loss came even after the Crown Investment Corporation gave the utility a $187 million affordability grant. Minister Jeremy Harrison said the main driver was ending the federal carbon charge rate rider that SaskPower had been collecting from customers as of April 1, 2025. Harrison defended the decision as a policy choice to keep rates affordable, noting that a deregulated market like Alberta's would not allow such a move. The NDP criticized the government for using Crown profits to cover what they called mismanagement, arguing that money should fund healthcare and schools instead. The report also covered SGI's financial results and the impact of a major hailstorm in Regina. For those tracking carbon pricing and utility finance, this story shows how removing a carbon charge can directly hit a Crown corporation's bottom line. It raises questions about whether affordability measures and decarbonization goals can coexist without alternative revenue sources or rate restructuring.