SaskEnergy Second Quarter Report - September 30, 2022

Notes to the Consolidated Financial Statements (unaudited)

13.

NATURAL GAS SALES AND PURCHASES

2021 For the Three Months Ended September 30,

Asset 2022

Asset

Commodity Optimization Total

(millions)

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales to

$

16

$

-

$

16

commodity customers Realized on natural gas derivative instruments

$

9

$

-

$

9

-

106

106

-

52

52

Change in fair value of natural gas derivative instruments

-

(1)

(1)

-

(7)

(7)

16

105

121

9

45

54

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

(9)

(91)

(100)

(8)

(48)

(56)

17

-

17

38

6

44

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

-

1

1

-

-

-

8

(90)

(82)

30 39

(42)

(12)

$

24

$

15

$

39

$

$

3

$

42

For the Six Months Ended September 30,

Asset 2022

Asset 2021

Commodity Optimization Total

(millions)

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales to

$

46

$

-

$

46

commodity customers Realized on natural gas derivative instruments

$

29

$

-

$

29

-

220

220

-

82

82

Change in fair value of natural gas derivative instruments

-

16

16

-

(16)

(16)

46

236

282

29

66

95

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

(37)

(199)

(236)

(27)

(77)

(104)

16

(17)

(1)

54

14

68

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

-

-

-

-

-

-

(21)

(216)

(237)

27 56

(63)

(36)

$

25

$

20

$

45

$

$

3

$

59

30

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