Overview of AltaGas
We are a leading North American energy infrastructure company with strong growth opportunities and a focus on owning and operating assets to provide clean and affordable energy to our customers. We leverage the strength of our assets and expertise along the energy value chain to connect customers with premier energy solutions – from the well sites of upstream producers to the doorsteps of homes and businesses, to new markets around the world.
AltaGas has three business segments:
- Midstream, which serves customers primarily in the Western Canada Sedimentary Basin and transacts more than 1.5 Bcf/d of natural gas. Our Midstream business includes natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transmission, storage, natural gas and NGL marketing. With our Ridley Island Propane Export Terminal, which is currently under construction, and through our ownership interest in Petrogas and the Ferndale Terminal, we are uniquely positioned to provide producers with an opportunity to move natural gas and natural gas liquids to new premium markets overseas. In the northeastern United States, our Midstream segment includes investments in four pipelines including Stonewall, Central Penn, Mountain Valley, and the proposed Constitution Pipeline.
- Utilities, which serves approximately 1.6 million customers1 with a rate base of approximately $3.7 billion through ownership of regulated natural gas distribution utilities in the District of Columbia, Virginia, Maryland, Michigan and Alaska. The Utilities business also includes storage facilities and contracts to interstate natural gas transportation and storage services. Our Utilities are underpinned by regulated returns and regulatory regimes that generally provide stable earnings and cash flows.
- Power, which is engaged in the generation and sale of capacity, electricity, and ancillary services and related products through power facilities in Alberta, California, Colorado, Michigan, and North Carolina. Our Power segment includes 695 MW of operational gross power generation capacity from gas-fired, solar, biomass, and energy storage.
With infrastructure assets in some of the fastest growing energy markets in North America, including prominent positions in the Montney and Marcellus/Utica basins, and utility operations in five states, we are developing an integrated footprint capable of delivering sustained value to shareholders and customers alike.
AltaGas has a talented workforce of nearly 3,000 people across North America.
1 Including transportation and non-regulated business lines.