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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
Comment by canneon Mar 31, 2018 12:29pm
257 Views
Post# 27810407

RE:Maryland

RE:MarylandI read the article and it gave a view of both the "accept" and "reject" sides of the merger. On the reject side, the state's regulator said Altagas's finances would be "shaky" should the deal be accepted while pro-merger arguments are that the merger would hasten the existing infrastructure's conversion to natural gas and provide financial benefits in the end. Environmentalists want renewables and are resisting the merger even as the State of Maryland has a "no fracking" law which means any frack gas has to come from somewhere else. Altagas has promised a $50 rebate to consumers which in total implies a $161 million "gift" to consumers.
Bullboard Posts