On April 1, 1994, AltaGas Services Inc. began operations in Calgary with two services contracts and 21 employees who shared a vision of building a western Canadian midstream business. Today, nearly 3,000 people are working to grow AltaGas Ltd. to be a leading North American energy infrastructure company.
In 1994, our Midstream segment took its first steps, supported by two short-term services contracts. Twenty four years later, the segment conducts transactions involving more than 1.5 billion cubic feet of gas per day.
Our Utilities segment, which started with 53,000 customers in Alberta in 1998, now provides safe and reliable natural gas distribution service to more than 1.6 million customers in the District of Columbia, Virginia, Maryland, Michigan and Alaska
The Power segment was developed in 2001 and now operates 1,105 megawatts of clean generation in five fuel types.
We began with a small but highly qualified team, choosing to concentrate on market niches. An accumulated knowledge of the industry and a willingness to act boldly when necessary has allowed us to make decisions quickly. Through changing environments, we have created shareholder and social value. We have also grown from our Alberta roots, with operations in five Canadian provinces and numerous American states. Crucially, we have become a trusted partner in those communities by building relationships and making meaningful contributions to quality of life.
The abundance of natural gas and growing demand for clean energy are providing future growth opportunities across all areas of our business. There are new opportunities to invest in natural gas processing capacity and to provide customers with access to new markets. We are also positioned to build new infrastructure to support drilling activity in liquids-rich areas, to power communities with clean energy, and to deliver clean and affordable fuel to homes and businesses - not just in North America, but overseas.