Acquisition Announcement
Altagas announces US $1.135 billion acquisition of natural gas distribution and natural gas storage utilities in Alaska and Michigan.
Acquisition [1] (pdf)
Financing Announcement
Altagas announces $350 million bought deal subscription receipt offering.
Financing [2] (pdf)
Company Overview
AltaGas is a geographically diverse energy infrastructure company comprised of three distinct business units: gas, power and utilities. The gas business gathers, processes, transports, stores and markets natural gas and natural gas liquids, touching more than 2 Bcf/d of gas from coast to coast to coast in Canada. AltaGas’ existing power portfolio comprises conventional and renewable sources of power such as wind, run-of-river hydro, and gas-fired generation. We have natural gas distribution utilities in Alberta, Nova Scotia, and the Northwest Territories, and serve more than 75,000 customers. AltaGas has a pipeline of exciting gas and power projects, and steady rate base growth at its utilities, which is expected to double EBITDA in the next five years.
AltaGas' shares trade on the Toronto Stock Exchange under the symbol ALA [3].
AltaGas is included in the following Toronto Stock Exchange Indices:
S&P/TSX Composite Index
S&P/TSX Completion Index
S&P/TSX Capped Equity Index