Overview of AltaGas
AltaGas Ltd. (AltaGas), a Canadian corporation, is a North American diversified energy infrastructure business with a focus on owning and operating assets to provide clean and affordable energy to its customers. AltaGas' business strategy is underpinned by strong growth in natural gas supply and the growing demand for clean energy. More than 1,600 employees across North America are focused on executing AltaGas’ strategy through three business segments:
- Gas, which transacts more than 2 Bcf/d of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage, and natural gas marketing, as well as AltaGas' indirectly held one-third interest in Petrogas Energy Corp. (Petrogas). The Gas segment has significant prospects for growth in British Columbia and Alberta;
- Power, which includes generation assets located across North America with more than 1,688 MW of gross capacity, all from natural gas and renewable sources, and 20 MW of energy storage; and with significant opportunities to expand in California and across the United States, as well as the potential opportunity to develop new gas-fired and renewable generation in Alberta to replace coal;
- Utilities, serving over 575,000 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, including infrastructure required to provide access to new markets and the potential for higher netbacks to producers in the Western Canadian Sedimentary Basin (WCSB).
With the physical and economic links along the energy value chain, from wellhead to burner tip; an experienced and talented workforce; and 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.