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 projects that are currently under construction in northwestern B.C. Collectively known as the Northwest Projects, Forrest Kerr (195 MW), McLymont Creek (66 MW) and Volcano Creek (16 MW) are supported by Electricity Purchase Agreements with BC Hydro and Impact Benefit Agreements with the Tahltan Nation.