CALGARY, Sept. 14, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) filed an early warning report dated September 14, 2018 advising of a change in its holdings in Tidewater Midstream and Infrastructure Ltd. (the “Issuer”).

AltaGas Processing Partnership (“APP”), a wholly owned subsidiary of AltaGas, sold 43,703,571 common shares of the Issuer (the “Tidewater Shares”), and is decreasing its securityholding percentage from approximately 13.3% to 0.0% of the Tidewater Shares.  The sale of the securities was pursuant to a share purchase agreement with Birch Hill Equity Partners Management Inc., as general partner on behalf of Birch Hill Equity Partners … Continue Reading

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AltaGas Expects to Own a Significant Minority Interest Upon Close of the Initial Public Offering

CALGARY, Sept. 13, 2018 /CNW/ –

AltaGas continues to execute on its strategy to reshape the company with a focus on Gas and U.S. Utilities

AltaGas expects to hold approximately 37% to 45% of AltaGas Canada Inc. (“ACI”) at the close of the Initial Public Offering (“IPO”)

Equity proceeds from the IPO, combined with the debt repayment by ACI to AltaGas, are expected to result in significant repayment

… Continue Reading

CALGARY, Sept. 10, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX:ALA) announced today that the September dividend will be paid on October 15, 2018, to common shareholders of record on September 25, 2018. The ex-dividend date is September 24, 2018. The amount of the dividend will be $0.1825 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

As previously announced, AltaGas has a Premium Dividend™, Dividend Reinvestment and Optional Cash Purchase Plan (the “Plan”) for eligible shareholders of AltaGas. Eligible shareholders who are enrolled in the Plan may have their common … Continue Reading

AltaGas continues to execute on its strategy to reshape the company with a focus on Gas and U.S. Utilities opportunities as well as rapidly repay its bridge facility

CALGARY, Sept. 10, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into definitive agreements for the sale of non-core midstream and power assets in Canada and power assets in the United States, for total proceeds of approximately $560 million.  The proceeds from the sale of these assets will be used to repay a significant portion of the bridge facility related to the acquisition … Continue Reading

Expansion of the Townsend Complex and capture area coupled with enhanced NGL recovery will provide producers with more options for energy exports

CALGARY, Aug. 27, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into definitive agreements with Kelt Exploration (LNG) Ltd. (“Kelt”) to provide an energy infrastructure solution for the liquids-rich Inga Montney development located in northeast British Columbia (the “Commercial Arrangements”). The Commercial Arrangements underpin the expansion of the Townsend Complex, including the addition of a 198 MMcf per day of C3+ deep cut gas processing capacity (the “Townsend Deep Cut Facility”). … Continue Reading

Key Projects, Capital Plan and Integration of WGL on Track

CALGARY, Aug. 1, 2018 /CNW/ –

Highlights
(all financial figures are unaudited and in Canadian dollars unless otherwise noted)

Second quarter 2018 normalized EBITDA1 of $166 million and normalized Funds from Operations1 of $121 million were consistent with 2017 and in line with expectations;

Outlook for 2018 maintained with normalized EBITDA expected to grow 25 to 30 per cent and normalized funds from operations growing 15 to 20 per cent, including WGL Holdings Inc. (WGL);

Net capital expenditures for 2018 expected to be $1.0 to $1.3 billion with Midstream

… Continue Reading

CALGARY, July 26, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today the expansion of its Board of Directors (the “Board”) from nine to 12 seats and the appointment of three new Directors. The expansion of the Board reflects AltaGas’ scope and growing complexity and the experience and expertise required by the Board to support AltaGas’ business, operations and strategic objectives.

“We are firmly committed to having strong governance at AltaGas and a Board that reflects the broad skill set required to provide the appropriate insight as we enter this next phase of AltaGas’ growth,” stated David Cornhill… Continue Reading

Key strategic priorities, financing plan for WGL and business operations remain unchanged and on track

CALGARY, July 25, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today David Harris has resigned from his position as President and Chief Executive Officer effective immediately.  Mr. Harris has also resigned from his position on the AltaGas Board. The Board of Directors of AltaGas and Mr. Harris have mutually agreed to his resignation due to a complaint under review by the Board.  This complaint is not related to AltaGas’ strategy, operations or financial reporting. 

“My tenure at AltaGas has been a privilege … Continue Reading

CALGARY, July 13, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) will release its 2018 second quarter financial results on Wednesday, August 1, 2018 before market open. A conference call and webcast will be held the same day to discuss the financial results, progress on construction projects and other corporate developments.

Time:                

9:00 a.m. MT (11:00 a.m. ET) on August 1, 2018

Dial-in:        

1-647-427-7450 or toll free at 1-888-231-8191

Webcast:      

https://www.altagas.ca/invest/events-and-presentations

Shortly after the conclusion of the call, a replay will be available commencing at 12:00 p.m. MT (2:00 p.m. ET) on August 1, 2018 by dialing … Continue Reading

CALGARY, July 10, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today that the July dividend will be paid on August 15, 2018, to common shareholders of record on July 25, 2018. The ex-dividend date is July 24, 2018. The amount of the dividend will be $0.1825 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

As previously announced, AltaGas has a Premium Dividend™, Dividend Reinvestment and Optional Cash Purchase Plan (the “Plan”) for eligible shareholders of AltaGas. Eligible shareholders who are enrolled in the Plan may have their … Continue Reading

Transformational Acquisition Enhances AltaGas’ Position as a Leading North American Clean Energy Infrastructure Company with Strong Growth Opportunities in Midstream, Power and Utilities

CALGARY, July 6, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today the closing of its approximately $9 billion acquisition of WGL Holdings, Inc. (WGL), creating a North American leader in the clean energy economy. 

The combination of AltaGas and WGL supports AltaGas’ long-term vision and strategy, and results in a company with an enterprise value of over $17 billion, a presence in over 30 states and provinces, and approximately $6 billion in growth … Continue Reading

Transaction Expected to Close July 6, 2018

CALGARY, July 2, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX:ALA) and WGL Holdings, Inc. (WGL) (NYSE:WGL) announced today that they and the other parties to the unanimous settlement agreement dated May 8, 2018, have accepted the conditions outlined in the June 29, 2018 written Order of the Public Service Commission of the District of Columbia (DC PSC) approving the combination of AltaGas and WGL (the WGL Acquisition). A statement of acceptance was filed with the DC PSC today. With all approvals now received, the closing of the WGL Acquisition is scheduled … Continue Reading