RE:RE:More Scotiabank
The original investment in MVP dovetailed with the natural gas storage facilities AltaGas used to own. After they divested their storage operation the main financial reasons for ownership in the MVP was no longer as beneficial. They will benefit from the increased volumes to the downstream side of the pipeline but not benefit much from the ownership versus the expenditure. By selling the ownership the monies received will be better used to decrease debt. This is why most analysts applaud divestiture as a positive step forward.