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ARTICLE · 11 SEPTEMBER 2024

SaskPower Establishes Nuclear Subsidiary SaskNuclear

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SaskPower has created a nuclear subsidiary called SaskNuclear to advance the province's small modular reactor (SMR) nuclear project from a business and regulatory standpoint.

CanadaEnergy and Natural Resources
Luke Morrison
Luke Morrison
Jessica Kennedy
Jessica Kennedy
David Macaulay
David Macaulay
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SaskPower has created a nuclear subsidiary called SaskNuclear to advance the province's small modular reactor (SMR) nuclear project from a business and regulatory standpoint. SaskPower is planning the development of its first SMR by the mid-2030s.

The subsidiary will be wholly owned by SaskPower and will share a President and CEO, as well as a Board of Directors. The utility is working towards reaching net-zero by 2050 or sooner. The provincial government says the work done at SaskNuclear will help support a final investment decision on whether to proceed with SMRs in 2029.

SaskPower's announcement is available here.

The establishment of SaskNuclear marks the latest step in Saskatchewan's nuclear development strategy, with a view to entering Canada's robust regulatory process for greenfield nuclear developments.

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