Painted Pony Pete Ltd PDPYF

AltaGas’ 2018 capital program

[Tinyhopes]

2018 Capital Program AltaGas 2018 capital program (excluding WGL) is expected to be in the range of approximately $400 - $500 million. The Gas business will account for approximately 60 to 65 percent of the total capital, while AltaGas' Utility business will account for approximately 25 to 30 percent and the Power business will account for the remainder. The majority of AltaGas 2018 capital program is focused on the continued construction at RIPET as well as maintaining and growing rate base at its existing utilities. AltaGas expects maintenance capital for Gas and Power will be approximately $25 - $35 million for 2018. Following the close of the WGL transaction, the consolidated 2018 capital program for AltaGas and WGL on a combined basis assuming a Q2 2018 closing is expected to be in the range of approximately $1.2 - $1.5 billion. Close to half of this total will be allocated to Gas, with the majority of the remaining expected capital for Utilities, followed by Power. AltaGas expects that the largest portion of WGLs total 2018 capital program will be allocated to investments in the Central Penn and Mountain Valley gas pipeline developments in the Marcellus region. Capital allocated to WGLs Utilities business will represent most of the remaining total 2018 capital, with spending consistent with recent levels. 2018 will be a transformational year for AltaGas as we work to close the WGL transaction and start to integrate their solid energy infrastructure assets with ours, said Mr. Harris. Together, we will have a premier footprint in both Canada and the U.S. for all three of our business segments with significant top quality growth opportunities that we look forward to capitalizing on. AltaGas is an energy infrastructure company with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca Investment Community 1-877-691-7199 [e-mail] Media [phone] [e-mail]