Overview of AltaGas
AltaGas, a Canadian corporation, is a North American diversified energy infrastructure company with a focus on owning and operating assets to provide clean and affordable energy to its customers. AltaGas has three business segments:
- Gas, which transacts more than 2 Bcf/d of natural gas and includes natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transmission, storage, and natural gas and NGL marketing, as well as AltaGas' indirectly held one-third interest in Petrogas Energy Corp. (Petrogas), through which AltaGas' interest in the Ferndale Terminal is held. The Gas segment has significant prospects for growth in British Columbia and Alberta.
- Power, which includes 1,708 MW of gross capacity from natural gas-fired, hydro, wind, and biomass facilities, and energy storage assets located across North America.
- Utilities, serving over 580,000 customers1 through ownership of regulated natural gas distribution utilities across North America and a regulated natural gas storage utility in the United States, delivering clean and affordable natural gas to homes and businesses.
AltaGas is focused on maximizing the profitability of its assets; adding services that are complementary to its existing business segments; and growing through the acquisition and development of energy infrastructure.
With physical and economic links along the energy value chain, together with its experienced and talented workforce of more than 1,600 people, and its efficient, reliable and profitable assets, market knowledge and financial discipline, AltaGas has provided strong, stable and predictable returns to its investors.
1 Including transportation and non-regulated business lines.