AltaGas Ltd T.ALA

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

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.

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AltaGas Ltd > The future is renewables. Buy AQN

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Comment by Vega1357on Aug 16, 2020 12:45pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The future is renewables. Buy AQN

Vega1357 wrote:

Capharnaum wrote: I'm fairly knowledgeable/involved in the "transition" to renewable greener energy.

In energy, there are two metrics: peak demand and energy demand. Solar and Wind mostly help for energy demand but are lacking regarding peak demand. They need to be balanced by other sources (yes, sometimes batteries, but due to the inconsistent production related to solar and wind, for most places can't just rely on those + batteries). So far, renewable projects have been granted long term contracts that pay them for the energy produced at a flat cost. However, this only works when you require extra energy that can be compensated elsewhere based on the variation of production. As renewables become a larger portion of the energy portfolio, the other sources won't be able to compensate for peak demand. As such, prices paid for new renewable projects will eventually come down. The cost of balancing for peak demand will also move higher.

Natural gas is the best energy, combined with storage, to provide that peak demand balance.

There are also major initiatives to supply renewable green natural gas to energy distributors. Green natural gas can be generated in multiple ways: biomethane from waste or from biomass, power to gas, transforming industrial emissions into composite natural gas, mixing hydrogen with natural gas. As the years go by, you can expect a growing proportion of distributed natural gas to be considered as renewable.

In The Green New Deal, Jeremy Rifkin argues that within the next 20 years, energy from renewable sources will become so cheap and abundant and battery technology for storing surplus energy will be so advanced that there will be no need to resort to burning natural gas in order to heat homes or generate electicity even to supplement energy produced from solar and wind.

https://www.straight.com/news/1348656/author-jeremy-rifkin-makes-case-canada-risking-its-economic-future-keeping-spigot-wide

How's your book on the Kardashians coming, Mas?