Enstar Natural Gas Co., Alaska’s top natural gas distributor, would get a new Canadian corporate owner in an $800 million sale announced Thursday. In an all-cash transaction, TriSummit Utilities Inc. would acquire Anchorage-based Enstar from AltaGas Ltd. The deal between the buyer and seller, both Calgary-based, is expected to close in early 2023 following regulatory…
Articles from Altagas
Floods on the northern Pacific Coast and a delayed pipeline project in the eastern United States limited the financial performance of utility, gas processing and byproduct marketing conglomerate AltaGas Ltd. last year. AltaGas, which reports in Canadian dollars (C$1.00/US 79 cents) wrote $271 million off the value of a 10% share that U.S. subsidiary WGL…
NextEra Energy Partners LP said Monday that it has agreed to acquire a significant ownership stake in the Atlantic Sunrise natural gas pipeline in a deal valued at $1.37 billion.
Projected surplus Canadian propane supplies available for export grew Tuesday to 285,000 b/d, when the National Energy Board (NEB) granted the fourth permit for foreign sales from the Pacific coast.
While big liquefied natural gas (LNG) projects remain stalled in British Columbia (BC), competition is emerging for making a small start on overseas tanker deliveries from the northern Pacific coast.
The leadership team for the proposed Jordan Cove liquefied natural gas (LNG) export facility planned in Coos Bay, OR, and related Pacific Connector transmission pipeline has been changed, according to Calgary-based Pembina Pipeline Corp. Senior Vice President Stu Taylor, in charge of marketing, new ventures and corporate development, assumed leadership from former CEO Elizabeth Spomer. Pembina spokesman Michael Hinrichs said the company remains “committed to and continues to make progress on Jordan Cove and the 232-mile Pacific Connector connecting transmission pipeline in southern Oregon. We continue to make progress on numerous other federal, state and local permitting requirements.” A final investment decision is expected once regulatory and environmental approvals are completed.
WGL Holdings Inc. shareholders have approved the company’s plan to merge operations with Calgary-based AltaGas Ltd. During a special shareholder meeting at WGL’s corporate offices Wednesday, a proposal to approve the transaction was approved by 96.22% of the shares voted, which represented 71.88% of all outstanding WGL shares of common stock entitled to vote, the company said. The boards of directors of WGL and AltaGas have already unanimously approved the transaction, which is expected to close in the second quarter of 2018. The C$8.4 billion (US$6.4 billion) purchase was announced by the utilities in January. Under terms of the friendly takeover, the utility for which WGL is named — Washington Gas Light Co. — would not change its brand and would retain all current staff including executives. It will keep regulated public energy services in Maryland, Virginia and the District of Columbia, the merger partners said.
As AltaGas Inc. charges up one of North America’s biggest batteries, Canadian natural gas and power companies are uniting to amplify the Calgary firm’s Southern California breakthrough into an export growth industry.
Calgary’s AltaGas Ltd. secured a role in Marcellus Shale gas development — in addition its prominence in the Montney formation in northern British Columbia — with a friendly takeover Wednesday of Washington, DC-based WGL Holdings Inc.
Northeastern British Columbia (BC) will remain a Canadian sweet spot for natural gas and liquid byproducts supply development in 2017, triggering construction of new processing and storage facilities along the Alaska Highway.