SaskEnergy 2024-25 Annual Report

Notes to the Consolidated Financial Statements

22. Transportation and Storage Revenue (millions)

2025

2024

Transportation Firm Interruptible

$

231 $

218

6

6

237

224

12

Storage

12

$

249 $

236

23. Saskatchewan Taxes (millions)

2025

2024

$

15 $

Corporate capital tax Property taxes and other

15

4

4

$

19 $

19

24. Net Finance Expenses (millions)

2025

2024

$

6 $

Debt retirement funds earnings

3 3

6

Finance income

(5)

Interest expense on short-term debt Interest expense on long-term debt Interest expense on lease liability Unwinding of discount on provisions

(10) (66)

(71)

(1) (7)

-

(6)

2

Borrowing costs capitalized to qualifying assets

1

(82)

Finance expenses

(81) (78)

$

(76) $

Net finance expenses

Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 3.9 per cent during the period (2024 - 3.9 per cent). 25. Other Net Losses (millions) 2025 2024 Loss on impairment of assets $ (5) $ (3) Net loss on disposal of assets - (2) Decommissioning costs and other net losses (4) - $ (9) $ (5) Impairment losses of $5 million were recognized on transmission and storage and compression assets as decommissioning liabilities pertaining to forecasted abandonment activities of impaired assets were increased. Decommissioning costs and other net losses of $4 million primarily consist of costs associated with derecognizing assets without established decommissioning liabilities, as well as additional decommissioning expenses related to non-operational assets.

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