SaskEnergy Second Quarter Report - September 30, 2021

Notes to the Condensed Consolidated Financial Statements (unaudited)

13. NATURAL GAS SALES AND PURCHASES

2020 For the Three Months Ended September 30,

Asset 2021

Asset

Commodity Optimization Total

(millions)

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales to commodity customers

$

9

$

9

$

-

$

9

$

-

$

9

Realized on natural gas derivative instruments

-

52

52

-

33

33

Change in fair value of natural gas derivative instruments

-

(7)

(7)

-

(3)

(3)

9

45

54

9

30

39

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

(8)

(48)

(56)

(9)

(33)

(42)

38

6

44

14

5

19

-

-

-

-

2

2

30 39

(42)

(12)

5

(26)

(21)

$

$

3

$

42

$

14

$

4

$

18

For the Six Months Ended September 30,

Asset 2021

Asset 2020

Commodity Optimization Total

(millions)

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales to commodity customers

$

29

$

29

$

-

$

34

$

-

$

34

Realized on natural gas derivative instruments

-

82

82

-

70

70

Change in fair value of natural gas derivative instruments

-

(16)

(16)

-

(5)

(5)

29

66

95

34

65

99

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

(27)

(77)

(104)

(33)

(74)

(107)

54

14

68

19

10

29

-

-

-

-

6

6

27 56

(63)

(36)

(14)

(58)

(72)

$

$

3

$

59

$

20

$

7

$

27

p.28

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