STANDING COMMITTEE ON CROWN CORPORATIONS NINTH REPORT April 15, 1999 4th Session of the 23rd Legislature LEGISLATIVE ASSEMBLY OF SASKATCHEWAN STANDING COMMITTEE ON CROWN CORPORATIONS NINTH REPORT Ms. Lorje, Chair of the Standing Committee on Crown Corporations, presents the Committee’s Ninth Report of the Twenty-third Legislature, which is as follows: The Standing Committee on Crown Corporations is empowered by this Assembly to review the annual reports and financial statements of the various Crown corporations and related agencies.

In its Fourth Report of the 22nd Legislature, dated May 5, 1994, the Committee decided to focus primarily on those government organizations which generate income from sources outside the General Revenue Fund.

In 1997, your Committee heard from representatives of several of these entities and can report that it has completed its review of the following: Crown Investments Corporation and subsidiary, 1996 Saskatchewan Auto Fund, 1996 Saskatchewan Crop Insurance, 1996 Saskatchewan Government Insurance, 1996 Saskatchewan Liquor & Gaming Authority, 1996 Saskatchewan Power Corporation and subsidiaries, 1996 Saskatchewan Transportation Company, 1996 Saskatchewan Water Corporation, 1996 SaskEnergy Incorporated and subsidiaries, 1996 SGI CANADA Insurance Services Limited, 1996 Your Committee received notification of several significant transactions involving some of the Crown corporations and related agencies.

After reviewing these, the Committee decided to conduct a special hearing into Saskatchewan Telecommunications Holding Corporation’s investment in Saturn Communications Limited. In the past year, your Committee also conducted extensive hearings into the affairs of a former subsidiary of Saskatchewan Power Corporation, Channel Lake Petroleum Ltd. The results of this special inquiry were reported to this Assembly in the Committee 8th Report, which was tabled intersessionally on November 23, 1998.

In 1998, a review of the following annual reports and financial statements was completed: Crown Investments Corporation and subsidiary, 1997 Saskatchewan Auto Fund, 1997 Saskatchewan Government Insurance, 1997 Saskatchewan Power Corporation and subsidiaries, 1997 Saskatchewan Telecommunications Holding Corporation and subsidiaries, 1996 & 1997 Saskatchewan Transportation Company, 1997 Saskatchewan Water Corporation, 1997 SaskEnergy Incorporated and subsidiaries, 1997 SGI CANADA Insurance Services Limited, 1997 Workers’ Compensation Board, 1996 & 1997 The Committee received an advance copy of

chapter the Provincial Auditor’s Fall Report Volume 2. The recommendations of the Provincial Auditor contained therein were taken into consideration during the review of Saskatchewan Power Corporation for the year ended December 31, 1997. Your Committee decided that a specific review of the and annual reports and financial statements of the remaining Crown corporations and related agencies was not required. Respectfully submitted, Pat Lorje, Chair