SaskEnergy Second Quarter Report - September 30, 2023

Notes to the Consolidated Financial Statements (unaudited)

13.

NATURAL GAS SALES AND PURCHASES

2022 For the Three Months Ended September 30,

Asset 2023

Asset

(millions)

Commodity Optimization Total

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales to

commodity customers Realized on natural gas derivative instruments

$

22

$

-

$

22

$

16

$

-

$

16

-

38

38

-

106

106

Change in fair value of natural gas derivative instruments

-

(3)

(3)

-

(1)

( 1)

22

35

57

16

105

121

NATURAL GAS PURCHASES Realized on natural gas derivative instruments Change in fair value of natural gas derivative instruments

(17)

(33)

(50)

(9)

(91)

(100)

5

1

6

17

-

17

Change in revaluation of natural gas in storage to net realizable value

-

-

-

-

1

1

(12)

(32)

(44)

8

(90)

(82)

$

10

$

3

$

13

$

24

$

15

$

39

2022 For the Six Months Ended September 30,

Asset 2023

Asset

(millions)

Commodity Optimization Total

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales to

commodity customers Realized on natural gas derivative instruments

$

58

$

-

$

58

$

46

$

-

$

46

-

75

75

-

220

220

Change in fair value of natural gas derivative instruments

-

(7)

(7)

-

16

16

58

68

126

46

236

282

NATURAL GAS PURCHASES Realized on natural gas derivative instruments Change in fair value of natural gas derivative instruments

(38)

(69)

(107)

(37)

(199)

(236)

(11)

4

(7)

16

(17)

( 1)

Change in revaluation of natural gas in storage to net realizable value

-

-

-

-

-

-

(49)

(65)

(114)

(21)

(216)

(237)

$

9

$

3

$

12

$

25

$

20

$

45

28

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