SaskPower plans to spend $1.15 billion during the 2023-24 fiscal year to modernize, grow and sustain the provincial electricity system.
The capital investment represents an increase of $98 million over 2022-23, supporting economic growth and ensuring customers have the reliable, sustainable electricity they need.
The planned capital expenditures for 2023-24 include $517 million to maintain and upgrade existing transmission, distribution and generation assets and $505 million in growth projects, including investments in new natural gas plants such as the Great Plains Power Station and the planned Aspen Power Station, to be located near Lanigan.
An additional $129 million in strategic investments will allow SaskPower to continue with smart meter deployment and work on projects such as the Logistics Warehouse Complex in Regina.
Some additional highlights of the planned capital work for 2023-24 include:
- Major generation projects such as the ongoing E.B. Campbell and Coteau Creek refurbishments and Ermine/Yellowhead Power Station expansions;
- Transmission line upgrades to the Spiritwood, Prairie River and Hudson Bay substations; and
- Rural powerline rebuilds and wood pole replacements.