MANAGEMENT’S DISCUSSION AND ANALYSIS
INDUSTRY LEADER Through its Industry Leader mandate, SaskEnergy leads in the categories that matter most. Strong personal, public, and process safety programs generate leading results. Integrated asset management practices support infrastructure systems, programs and plans.
SaskEnergy achieves consistent profitability from operations while maintaining a debt-to-equity ratio benchmarked against industry standards.
March 31, 2018 Actual
March 31, 2019 Actual
March 31, 2019 Target
March 31, 2020 Target
March 31, 2021 Target
March 31, 2022 Target
March 31, 2023 Target
Strategic Measure Personal Safety Total Recordable Injury Frequency Rate Safety/Vigilance SaskEnergy Leaks per 1,000 Kilometres of Mains TransGas Natural Gas Line Failures per 1,000 Kilometres of Gas Line Safety and Integrity Financial Strength Debt/Equity Ratio Consolidated Return on Equity Income Before Unrealized Market Value Adjustments (millions)
Second Quartile
Second Quartile
Second Quartile
1.73*
1.70
1.70
1.70
10.07
12.79
5.50
5.30
5.10
5.00
4.90
0.28
0.14
0.07
0.07
0.07
0.07
0.07
6.72%
6.70%
6.10% 6.80% 6.90% 6.90% 6.60%
55/45
56/44
59/41
59/41
60/40
62/38
63/37
12.9%
12.2%
7.2% 6.1% 6.5% 6.5% 6.4%
$134
$110
$68
$64
$70
$73
$76
*Beginning in 2019-20, the Corporation will be reporting its actual Total Reportable Injury Frequency Rate.
Personal Safety SaskEnergy focuses on a ‘safety first’ work environment. Employee and public safety are at the core of every activity at SaskEnergy. Having each employee return home safely at the end of every day is the Corporation’s top priority. SaskEnergy recognizes that the safety culture and the individual decisions made by employees and contractors each day will ultimately determine success. Key initiatives undertaken during 2018-19
included the maturing of the Unified Management System, enhancements to systems to report, track, analyze and learn from incidents, and the introduction of a Corrective and Preventative Action process. As of the end of the 2018-19 fiscal year, SaskEnergy achieved a Total Recordable Injury Frequency Rate (TRIF) of 2.08, meaning there were 2.08 recordable injuries for every 100 employees. This is an improvement from the 2017-18 rate of 2.43.
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