As reserves in the Cook Inlet Basin dwindle, Alaska leaders are warning of natural gas shortages as early as 2027. Natural gas production in the basin has fallen to about 70 Bcf/year, according to the Alaska Department of Natural Resources (DNR). The reduced production was cited for shuttering operations at the Agrium Kenai Nitrogen Plant…
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Alaska’s Enstar Natural Gas to Get Another Canadian Owner
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…
Cap Rock-SEMCO Energy Deal Combines TX Power with MI, AK Gas
Cap Rock Holding Corp. last week agreed to acquire SEMCO Energy Inc., parent of utilities SEMCO Energy gas Co. in Michigan and ENSTAR Natural Gas Co. in Alaska, in an $867 million cash and debt deal.
Cap Rock-SEMCO Energy Deal Combines TX Power with MI, AK Gas
Cap Rock Holding Corp. agreed to acquire SEMCO Energy Inc. — parent of utilities SEMCO Energy gas Co. in Michigan and ENSTAR Natural Gas Co. in Alaska in an $867 million cash and debt deal.