SASKWATER POSTS PROFIT IN 2009

SaskWater tabled its 2009 Annual Report today in the Saskatchewan Legislature. The theme, Refresh is appropriate, as the province's water utility embraced a record delivery of potable water, environmental stewardship and has returned to profitability.

SaskWater had a net income for 2009 of $454,000 which was $573,000 better than target. The corporation invested $17.8 million on capital for new construction and expansion projects and infrastructure management on existing systems. These projects accommodate increased growth in Saskatchewan communities and existing customer demands.

"SaskWater has achieved profitability and continues to create a positive climate to keep Saskatchewan growing and moving forward," Minister responsible for SaskWater Nancy Heppner said. "I am pleased to see how its customers can realize a greatly improved quality of life when they receive high quality drinking water from SaskWater."

"SaskWater builds upon a strong base of current operations including services to 55 communities, 59 rural pipeline groups and 44 industrial customers providing annual revenues in excess of $20 million for 2009," SaskWater Acting President Mart Cram said.

In 2009, SaskWater's total potable water sales volumes increased to a record 5.74 billion litres, which is up from 5.64 billion litres or 1.72 per cent from 2008.

The future looks strong for SaskWater as they continue to expand their services to the municipal market, First Nations communities and provide expertise to a growing potash industry.

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For more information, contact:

Karyn Mossing Murray
SaskWater
Moose Jaw
Phone: 306-694-3009
Email: karyn.mossingmurray@saskwater.com
Cell: 306-630-8167