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AltaGas Ltd T.ALA

Alternate Symbol(s):  T.ALA.P.H | ATGAF | ATGFF | T.ALA.P.A | AGASF | T.ALA.P.B | ATGPF | T.ALA.P.G

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.


TSX:ALA - Post by User

Bullboard Posts
Post by YodaLayhehooon Jan 28, 2019 8:10am
203 Views
Post# 29288252

Fortis sell BC hydro asset to fund Utilities

Fortis sell BC hydro asset to fund Utilities
Seems familiar.... Fortis selling its stake in Waneta expansion project for $1B The Canadian Press



ST. JOHN'S, N.L. -- Fortis Inc. () has signed a deal to sell its 51 per cent stake in the Waneta expansion hydroelectric project in B.C. to its provincial government partners for approximately $1 billion.

The B.C. government's Columbia Power Corp. and Columbia Basin Trust together already hold the other 49 per cent of the Waneta expansion.

The project was completed in 2015 and has the capacity to produce 335 megawatts of power.

Fortis says the sale will help finance the growth of its regulated utility business.

FortisBC will continue to operate the facility and purchase its surplus capacity.

The deal, which is subject to customary closing conditions, is expected to close within 90 days
Bullboard Posts