SaskEnergy Third Quarter Report - December 31, 2021

Notes to the Condensed Consolidated Financial Statements (unaudited)

13. NATURAL GAS SALES AND PURCHASES

2020 For the Three Months Ended December 31,

Asset 2021

Asset

(millions)

Commodity Optimization Total

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales to commodity customers

$

82

$

-

$

82

$

59

$

-

59

$

Realized on natural gas derivative instruments

-

59

59

-

24

24

Change in fair value of natural gas derivative instruments

-

11 70

11

-

3

3

82

152

59

27

86

NATURAL GAS PURCHASES Realized on natural gas derivative instruments Change in fair value of natural gas derivative instruments Change in revaluation of natural gas in storage to net realizable value

(72)

(57)

(129)

(55)

(24)

(79)

(26)

(7)

(33)

(15)

-

(15)

-

-

-

-

-

-

(98) (16)

(64)

(162)

(70) (11)

(24)

(94)

$

$

6

$

(10)

$

3

$

(8)

$

2020 For the Nine Months Ended December 31,

Asset 2021

Asset

(millions)

Commodity Optimization Total

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales to commodity customers

$

111

$

-

$

111

$

93

$

-

$

93

Realized on natural gas derivative instruments

-

141

141

-

94

94

Change in fair value of natural gas derivative instruments

-

(5)

(5)

-

(2)

(2)

111

136

247

93

92

185

NATURAL GAS PURCHASES Realized on natural gas derivative instruments Change in fair value of natural gas derivative instruments Change in revaluation of natural gas in storage to net realizable value

(99)

(134)

(233)

(88)

(98)

(186)

28

7

35

4

10

14

-

-

-

-

6

6

(71)

(127)

(198)

(84)

(82)

(166)

$

40

$

9

$

49

$

9

$

10

$

19

p.2 8

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