RE:RE:Assets sale gas-fired facility? Hi All,
I was just suggesting the gas-fired facility because Altagas sold some back in 2018 and wasn't core business back then. The important thing is getting a good price for the asset and use the money to pay back debt or use the money to expand
Ridley Island Propane Export Terminal (RIPET).Anyone else have any idea what other assets they can sell ? Thanks
Weezer
Non-Core San Joaquin Power Assets in California
AltaGas has entered into an agreement with Middle River Power III, a wholly-owned subsidiary of Avenue Capital, for the sale of gas-fired power assets for a purchase price of approximately USD $300 million (approximately CDN $400 million). These assets comprise the Tracy, Hanford and Henrietta plants totaling 523 MW of capacity.
The sale of the non-core power assets are subject to customary closing conditions, including FERC approval. The transaction has an effective date of September 1, 2018, and is expected to be completed in the fourth quarter of 2018.
https://www.altagas.ca/newsroom/news-releases/altagas-announces-sale-non-core-midstream-and-power-assets