Alaskan Regulators Clear Way to Sell Enstar, State’s Largest Natural Gas Utility

Enstar Natural Gas Co., Alaska’s top natural gas distributor, is ready to be sold to yet another Canadian firm.

Calgary-based energy infrastructure firm AltaGas Ltd. is bowing out, and Calgary’s TriSummit Utilities Inc. is moving in with the final approval secured from Alaskan regulators.

The sale includes AltaGas’ 100% interest in Enstar, which has about 150,000 customers. It also includes the Alaska Pipeline Co., which operates transmission and distribution pipelines for Enstar and the company’s 65% indirect interest in Cook Inlet Natural Gas Storage Alaska (Cingsa), a commercial state-regulated natural gas storage facility.

Enstar and Cingsa will continue to operate as standalone utilities and remain headquartered in Alaska, according to AltaGas.

AltaGas previously...