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AltaGas Ltd T.ALA

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

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 Plus50on Feb 07, 2018 3:38pm
234 Views
Post# 27521642

Timelines

TimelinesJust finished reading over quarterly earnings reports. The WGL deal hinges on regulatory approval and asset sales which ALA states should happen by end of Q2. NOTE:Regulatory Update - Acquisition of WGL Holdings, Inc. On December 4, 2017, AltaGas and WGL Holdings, Inc. (WGL) announced the achievement of a significant milestone in the regulatory approval process in Maryland, with the signing of a settlement agreement with the Maryland Energy Administration (MEA), Montgomery County, Prince George's County, and the Laborers' International Union of North America, its affiliated District Council, and Local Unions serving or located in Washington D.C. (collectively, LiUNA) on key terms for the merger of AltaGas and WGL currently before the Maryland Public Service Commission (Maryland PSC). With the positive news and filing of the settlement, the hearing for the settlement is expected to be held from February 6-9, 2018, with a final decision from the Maryland PSC expected on or before April 4, 2018. In Washington, D.C., the District of Columbia Public Service Commission (DCPSC) hearings concluded on December 13, 2017, and a decision is expected in the first half of 2018. Also asset sales of 2 billion including the Blythe Energy Center and the Tracy Combined Cycle Power Plant. Looking at what WGL has been trading at since the deal was announced has been around $85. I would think that by the middle of this year the deal should be done. Now if that happens we should start to see share appreciation. Maybe on March 1 we will get more news on how things are going. Maybe some news on asset sales sooner. Just thinking
Bullboard Posts