Financial Statements
unaudited)
Notes to the Condensed Consolidated Financial Statements (unaudited)
17. SUBSEQUENT EVENT The Corporation entered into an agreement with the Province to borrow an additional $25 million of long-term debt with an interest rate of 2.80% maturing in 2052. The agreement was finalized on January 12, 2022 and the debt received on January 18, 2022. Subsequent to quarter-end, the litigation regarding SaskEnergy’s exercise of its option to purchase its head office located at 1777 Victoria Avenue, Regina, Saskatchewan, Canada S4P 4K5, was resolved in favour of SaskEnergy. While the financial impact is not yet determinable, it is expected that title to the property will transfer to SaskEnergy in the fourth quarter of the 2021-22 fiscal year.
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