Management’s Discussion and Analysis
Workforce Talent The risk the Corporation is not able to attract and retain engaged and appropriately skilled resources to complete required work today and into the future. • The skills needed to thrive in digital and data- driven operations, as well as succeed in an energy environment focused on emissions reductions, are evolving. To address these challenges, different skills must be acquired or internally developed, enhanced and maintained. • SaskEnergy strives to deliver an attractive employment environment by providing challenging learning and training opportunities to encourage employee growth and development, in order to ensure a diverse workforce that has the capabilities to meet and exceed expectations. Financial Sustainability in a Regulated Environment The risk the Corporation is not able to maintain long-term financial sustainability targets. • SaskEnergy prioritizes affordability of natural gas services to its customers. Further government regulation is likely and may challenge the affordability of natural gas services and subsequently the financial sustainability of SaskEnergy. • SaskEnergy strives for operational excellence and engages stakeholders in corporate planning and forecasting. Adaptation to changing regulations is met with reprioritization of spending and deferral of work, to meet affordability and regulatory requirements.
Natural Gas Line or Facility Failure The possibility of a natural gas line or facility failure and the impact to public safety. • Operating high pressure transmission lines and delivering natural gas to customer homes and businesses have an associated inherent risk to public safety in the event of a line rupture or other asset failure. • The current risk level has been reached after many years of building and continuously improving robust integrity management programs for all the Corporation’s pressure-containing assets. Efforts to execute on these programs and address this risk continue to be represented in a sizable portion of the Corporation’s capital and operating and maintenance budgets. Systemic Health and Safety The risk of a significant incident, or a systemic health and safety incident, occurring, and the subsequent impact on employee safety and the ability of employees to operate the system. • Given the nature of SaskEnergy’s operations, there is an ever present and inherent safety risk to employees, which makes managing this risk a top priority. • The acceptability for risk associated with safety is lower than all others. As such, many mitigating actions exist, spanning from process-specific, up to statistical monitoring and emergency situation planning. These efforts and associated programs continue to mature and improve with a goal of driving the safety risk down as low as is practical.
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