Crown Investments Corporation of Saskatchewan

History

1901	Hail insurance is sold by the Territorial Government, before Saskatchewan becomes a province in 1905.
1906	Three commercial creameries are run by the Provincial Government.
1907	The Eagle Lake coal mine is developed.
1908	The Department of Railway, Telephones and Telegraphs is established and given authority to create and operate local and long distance telephone lines. Its goal is to provide cost-effective service to as many farms, homes and businesses as possible.
1929	The Saskatchewan Power Commission is established to provide safe, reliable, cost-effective power to all Saskatchewan people.
1945	Saskatchewan Government Insurance Office (SGIO) is established to ensure that affordable, good quality insurance is available to Saskatchewan people.
1946	Saskatchewan Transportation Company (STC) is established to ensure that as many communities as possible have access to reasonably priced transportation and freight service from a fleet of buses.
1947	The Government Finance Office (predecessor of CIC) is established as a holding company for the province's Crown corporations.
1947	Responsibility for telecommunications is transferred to a new Crown called Saskatchewan Government Telephones, which is later named SaskTel.
1949	Saskatchewan Power Commission becomes a Crown corporation called Saskatchewan Power Corporation.
1951	SaskPower is designated as the provincial authority for natural gas distribution.
1973	Saskatchewan Oil & Gas Corporation (SaskOil) is established to explore for, develop, produce and market crude oil and natural gas.
1975	The Potash Corporation of Saskatchewan (PCS) is established to develop Saskatchewan's potash resources and to fill the projected world production shortfall.
1975	Saskatchewan Mining Development Corporation (SMDC) is established to explore for minerals in northern Saskatchewan.
1978	The Government Finance Office is renamed Crown Investments Corporation of Saskatchewan under a new Crown Corporations Act.
1984	Saskatchewan Water Corporation is established to manage, administer, develop and protect the water and related land resources in Saskatchewan.
1985	SaskOil's status as a Crown is ended when it becomes a corporation under the Business Corporations Act. In 1986, the majority of SaskOil is sold to the public, with government retaining a minority interest. SaskOil is renamed Wascana Energy Inc. in 1996. In 1997, CIC sells Saskatchewan's remaining interest in Wascana to Canadian Occidental Petroleum.
1988	SMDC and the federally owned Eldorado Nuclear, are merged to form Cameco Corporation. Cameco is a Canadian mining and development corporation which is one of the world's largest uranium mining companies.
1988	SaskEnergy Incorporated is created as a new Crown to provide natural gas transmission and distribution services. It assumes responsibility from SaskPower for providing Saskatchewan people with a highly reliable, safe, and economical source of energy.
1989	PCS's status as a Crown is ended when it becomes a corporation under the Business Corporations Act. The majority of its shares are sold to the public in two share offerings in 1989 and 1990.
1989	Saskatchewan Government Growth Fund Management Corporation (SGGFMC) is established to create and manage subsidiary fund companies to raise venture capital from new Canadian immigrants.
1994	Saskatchewan Opportunities Corporation (SOCO) is established to support economic growth and job creation through investments in businesses and infrastructure.
1996/97	The Crown Review is done to assess the state of the Crown sector, its economic impact on the province, and its readiness for the future. The Crown Review is the most extensive review ever of Saskatchewan's Crowns and publicly owned investments.
2000	Information Services Corporation of Saskatchewan (ISC) is established to administer the province's land titles and survey legislation. Its mandate includes automating the land titles system.
2003	Investment Saskatchewan is established to manage the portfolio of publicly-owned investments formerly held by CIC's subsidiary, CIC Industrial Interests Inc..