The Crown Sector in Saskatchewan recorded a very impressive year in 2012.

The 9 Crown Corportations in the province made combined net earnings of almost $479 million last year, up $28 million from last years mark of $451 million.

"SaskEnergy for example had a record number of hookups because there are more residents in our province, there are more businesses," said Minister of the Crown Investments Corporation Donna Haurpaur, "SaskPower is also having a lot more hookup requests."

Along with the growth, there are infrastructure demands, and despite Crown debt going up, Haurpaur said the debt still remains at reasonable levels according to Industry standards.

"That does mean they are borrowing more, but it also means they're worth more, the debt equity ratio is still strong."

Looking ahead, Haurpaur noted the plan for 2013 is to continue with the large projects within the crown sector, which does mean borrowing a projected $700 million, however it will be offset by the assets rising in value by over $1 billion.