SASKENERGY 2018-19 ANNUAL REPORT
b. Contingencies The Corporation is involved in litigation in relation to a natural gas incident that occurred in 2014 in the community of Regina Beach, Saskatchewan. The Corporation does not expect the outcomes to result in any material financial impact.
18. UNREALIZED MARKET VALUE ADJUSTMENTS
(millions)
2019
2018
$
13 19
Change in fair value of natural gas derivative instruments Change in revaluation of natural gas in storage to net realizable value
$
46 (12)
$ 32 $ 34 Unrealized market value adjustments represent the net income impact of measuring certain financial and derivative instruments at fair value subsequent to initial recognition (Note 8) and measuring natural gas in storage at the lower of weighted average cost and net realizable value (Note 6). These adjustments represent the change in the carrying amount of the related item during the period and are dependent on the market prices and expected delivery dates at the end of the reporting period.
19. NATURAL GAS SALES AND PURCHASES
2019
2018
Asset Optimization Total
Asset Optimization Total
Commodity
(millions)
Commodity
NATURAL GAS SALES Natural gas sales to commodity customers Realized on natural gas derivative instruments
$
228 $
- $
228 $
207 $
- $
207 267
- -
224
224
18
249
Change in fair value of natural gas derivative instruments
(4)
(4)
-
2
2
228
220
448
225
251
476
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
(183)
(213)
(396)
(184)
(223)
(407)
35
(18)
17 19
(2)
46
44
-
19
-
(12)
(12)
(148)
(212)
(360)
(186)
(189)
(375)
$
80 $
8 $
88 $
39 $
62 $
101
20. DELIVERY REVENUE
(millions)
2019
2018
$
119 164 6
$
116 150 5 271
Basic monthly charge Delivery revenue Other
$
289 $
75
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