RE:RE:RE:This could happen any time..to lock value :Is ALA NEXT?The sale of the BC hydro assets was a forced sale necessitated by the disasterous takeover of WGL. It wasn't done to unlock value but rather to save the company. The unlock value is just spin to cover up the incompetence of the previous management.
GunnerG wrote: Randy Crawford, President and Chief Executive Officer with AltaGas. "In addition to unlocking substantial value within our portfolio and enhancing our financial strength, the sale of these assets further sharpens our focus on our Midstream and U.S. Utilities businesses, where we see numerous opportunities to drive strong, organic growth."
This from when they sold NWBC hydro assets.