Per ScotiaOUR TAKE: We have a positive view of the progress AltaGas is making on closing the WGL Holdings Inc. acquisition. The company recently reached a milestone in the regulatory approval process in Maryland by achieving a settlement with numerous stakeholders, and expects a final decision from the Public Service Commission (PSC) on or before April 4, 2018. Hearings concluded in Washington D.C. on Dec. 13, 2017, and a decision is expected in H1/18. AltaGas also released its capital plan for 2018 which looks to be relatively in line with our estimates for the legacy business, however WGL came in higher likely due to midstream capex being more front-end loaded. There are no material changes to our estimates. The company also commenced operations at its North Pine NGL facility at the beginning of December - completed ahead of schedule, and $15m under budget.
one year target $34,fwiw