AltaGas’ strategy is to build, own and operate long-life, low-risk power infrastructure assets to deliver strong, stable returns for investors. Growth is focused on clean and renewable sources of energy, which will allow AltaGas to be more diversified, stable and prosperous as the Company seeks to capitalize on increasing demand for clean power while reducing its carbon footprint.
Our operational portfolio includes the 102 MW Bear Mountain Wind Park near Dawson Creek, British Columbia, a 97 percent interest in the 9.8 MW McNair run-of-river hydroelectric generation facility located near Port Mellon, B.C. and a 25 percent effective interest in a 7 MW run-of-river hydroelectric generation facility near Boston Bar, B.C.. We also have a 30 percent working interest in a 37 MW wood biomass power facility in Michigan, a 50 percent working interest in a 48-MW wood biomass power facility in North Carolina, and a 50 percent working interest in a 29 MW wind farm in Colorado.
AltaGas has three run-of-river hydroelectric facilities in northwestern B.C. collectively known as the Northwest Hydroelectric Facilities. Located in Tahltan First Nation territory, the 195-megawatt Forrest Kerr Hydroelectric Facility achieved commercial operation date (COD) in October 2014. The 16-megawatt Volcano Creek Hydroelectric Facility achieved COD in December 2014. Both facilities were completed on time and on budget and are delivering clean power to BC Hydro's power grid through their 287-kV Northwest Transmission Line. The 66-megawatt McLymont Creek Hydroelectric Facility is nearing completion and will be brought online later in 2015. The Tahltan First Nation has played a key role in the success of the projects and will work closely with AltaGas to provide clean energy to British Columbia for decades to come.