SaskPower posts $136 million first-quarter loss

SaskPower is reporting a net loss of $136 million for the first quarter of the fiscal year.

The utility says the decline stems from a $45-million drop in revenue and $83 million in higher expenses, driven by fuel, maintenance and the federal carbon price.

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SaskPower also paused collecting the federal carbon charge in April, which cost the Crown about $59 million in revenue.

Manjot Singh has more in the video above.