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AltaGas Ltd (ALA.TO)

ALA.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AltaGas To Sell Interest In Central Penn Pipeline For $870 Mln
Monday, 30 Sep 2019 

Sept 30 (Reuters) - AltaGas Ltd ::PRESS RELEASE - ALTAGAS REACHES AN AGREEMENT TO SELL ITS INTEREST IN THE CENTRAL PENN PIPELINE FOR $870 MILLION.ALTAGAS REACHES AN AGREEMENT TO SELL ITS INTEREST IN THE CENTRAL PENN PIPELINE FOR $870 MILLION.ALTAGAS LTD - ALTAGAS' ESTIMATED 2019 CASH FLOW AND NORMALIZED EBITDA FOR CENTRAL PENN PIPELINE IS APPROXIMATELY US$49 MILLION AND US$39 MILLION.ALTAGAS - ANNOUNCED OR COMPLETED ABOUT $2.2 BILLION IN ASSET SALES, WHICH EXCEEDS TOP END OF $1.5 - $2.0 BILLION ASSET SALES PROGRAM TARGETED FOR 2019.  Full Article

AltaGas Reaches An Agreement To Sell Distributed Generation Assets For $940 Million
Monday, 22 Jul 2019 

July 22 (Reuters) - AltaGas Ltd ::PRESS RELEASE - ALTAGAS REACHES AN AGREEMENT TO SELL DISTRIBUTED GENERATION ASSETS FOR $940 MILLION.ALTAGAS LTD - DEAL FOR TOTAL GROSS PROCEEDS OF ABOUT US$720 MILLION.ALTAGAS LTD - WITH MONDAY'S DEAL, ALTAGAS HAS ANNOUNCED/COMPLETED ABOUT $1.3 BILLION OF $1.5 - $2.0 BILLION ASSET SALES PROGRAM TARGETED FOR 2019.  Full Article

AltaGas Founder Steps Down From Chairman Role
Thursday, 21 Mar 2019 

March 21 (Reuters) - AltaGas Ltd ::AFTER 25 YEARS ALTAGAS FOUNDER AND CHAIRMAN STEPS DOWN FROM CHAIRMAN ROLE.ALTAGAS LTD - NEW CHAIR, PENTTI KARKKAINEN HAS BEEN APPOINTED BY BOARD OF DIRECTORS.ALTAGAS LTD - CORNHILL WILL REMAIN ON BOARD.  Full Article

Altagas Announces Monthly Dividend Amount Of $0.08 For Each Common Share
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - AltaGas Ltd ::ALTAGAS LTD - ANNOUNCES MONTHLY DIVIDEND; AMOUNT OF DIVIDEND WILL BE $0.08 FOR EACH COMMON SHARE.  Full Article

AltaGas Announces Its 2019 Balanced Funding Plan, Including Financial Outlook & Capital Plan
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES ITS 2019 BALANCED FUNDING PLAN, INCLUDING FINANCIAL OUTLOOK AND CAPITAL PLAN.ALTAGAS LTD - APPROVAL HAS BEEN SECURED TO RESET MONTHLY DIVIDEND TO $0.08 PER COMMON SHARE OR $0.96 PER COMMON SHARE ANNUALLY.ALTAGAS LTD - ANTICIPATED 2019 NORMALIZED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION IN RANGE OF $1.2 - $1.3 BILLION.ALTAGAS LTD - SEES CAPITAL ALLOCATION OF APPROXIMATELY $1.3 BILLION IN 2019 IN PRIMARILY MIDSTREAM AND U.S. UTILITIES PROJECTS.ALTAGAS LTD - ANTICIPATED 2019 NORMALIZED FUNDS FROM OPERATIONS OF $850 - $950 MILLION.ALTAGAS LTD - INTENDS TO COMPLETE ADDITIONAL ASSET SALES OF APPROXIMATELY $1.5 - $2.0 BILLION IN 2019.ALTAGAS LTD - REACHED AN AGREEMENT FOR SALE OF ITS REMAINING INDIRECT EQUITY INTEREST OF APPROXIMATELY 55 PERCENT IN NORTHWEST HYDRO FACILITIES.ALTAGAS LTD - SALE OF EQUITY INTEREST OF APPROXIMATELY 55 PERCENT IN NORTHWEST HYDRO FACILITIES FOR APPROXIMATELY $1.39 BILLION.ALTAGAS LTD - ANTICIPATES DIVIDEND RESET WILL HAVE A SIGNIFICANT IMPACT ON ITS FINANCIAL FLEXIBILITY AND CREDIT PROFILE THROUGH 2023.ALTAGAS - CAPITAL INVESTMENT WILL BE FUNDED THROUGH ASSET SALES, CASH FROM OPERATIONS, DIVIDEND REINVESTMENT PLAN, SELECT FUTURE DEBT.ALTAGAS - SALE OF INTEREST IN NORTHWEST HYDRO FACILITIES ENTERED INTO WITH JV CO THAT IS CONTROLLED BY AXIUM INFRASTRUCTURE & MANULIFE FINANCIAL.  Full Article

Altagas Appoints Randall Crawford As Chief Executive Officer
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - AltaGas Ltd ::ALTAGAS APPOINTS RANDALL CRAWFORD AS CHIEF EXECUTIVE OFFICER.ALTAGAS LTD - CRAWFORD ASSUMES ROLE FROM DAVID CORNHILL AND PHILLIP KNOLL WHO WILL CONTINUE AS INTERIM CO-CEOS UNTIL EFFECTIVE DATE.ALTAGAS LTD - CRAWFORD WILL JOIN ALTAGAS SENIOR LEADERSHIP TEAM IN CALGARY, ALBERTA, AND WILL LEAD NEXT STAGES OF COMPANY'S ONGOING EVOLUTION.ALTAGAS LTD - RANDALL CRAWFORD AS CHIEF EXECUTIVE OFFICER AND MEMBER OF BOARD OF DIRECTORS, EFFECTIVE DECEMBER 10, 2018.  Full Article

AltaGas Announces Pricing For AltaGas Canada IPO At $14.50 Per Share
Friday, 19 Oct 2018 

Oct 18 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE FILING OF THE FINAL PROSPECTUS AND PRICING FOR THE INITIAL PUBLIC OFFERING OF ALTAGAS CANADA INC., WHICH INCLUDES ALTAGAS' CANADIAN UTILITIES AND CERTAIN RENEWABLE POWER ASSETS IN CANADA.FINAL PRICING FOR ALTAGAS CANADA INC'S IPO AT $14.50 PER COMMON SHARE FOR BETWEEN 16.5 MILLION AND 18.98 MILLION COMMON SHARES.ALTAGAS - IPO IS BEING MADE THROUGH A SYNDICATE OF UNDERWRITERS JOINTLY LED BY RBC CAPITAL MARKETS, TD SECURITIES INC. AND J.P. MORGAN SECURITIES CANADA INC.  Full Article

AltaGas Acquires 50 Pct Interest In Certain Black Swan Assets
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE ACQUISITION OF 50% INTEREST IN BLACK SWAN AITKEN CREEK GAS PROCESSING PLANTS AND PROCESSING, TRANSPORTATION AND MARKETING AGREEMENTS.ALTAGAS - CAPITAL INVESTMENT BY CO FOR 50% OWNERSHIP IN AITKEN CREEK PROCESSING FACILITIES & NEW ALTAGAS INFRASTRUCTURE ANTICIPATED AT ABOUT $230 MILLION.ALTAGAS - TOTAL CAPITAL INVESTMENT BY CO FOR 50% OWNERSHIP IN AITKEN CREEK PROCESSING FACILITIES&NEW INFRASTRUCTURE IS ANTICIPATED AT ABOUT $230 MILLION.ALTAGAS LTD - INITIAL TERM OF COMMERCIAL ARRANGEMENTS IS 15 YEARS.ALTAGAS LTD - TOTAL PROPANE SUPPLY FOR RIPET EXPECTED TO ACHIEVE INITIAL 40,000 BBL/D TARGET.ALTAGAS LTD - INVESTMENT IN AITKEN CREEK PROCESSING FACILITIES INCLUDES $136 MILLION IN 2018 AND AN ESTIMATED $50 MILLION IN Q4/2019.ALTAGAS - INITIAL TERM OF ARRANGEMENTS TO GIVE BOTH PARTIES WITH OPTION TO EXTEND THROUGH ADDITIONAL NATURAL GAS PROCESSING INVESTMENTS.ALTAGAS LTD - AITKEN CREEK PROCESSING FACILITIES WILL HAVE AN ESTIMATED 210 MMCF/D (GROSS) OPERATIONAL CAPACITY.ALTAGAS LTD - AITKEN CREEK PROCESSING FACILITIES HAS POTENTIAL FOR FUTURE EXPANSIONS TO INCREASE PROCESSING CAPACITY UP TO 360 MMCF/D (GROSS).ALTAGAS LTD - ALTAGAS WILL HAVE OPTION TO PARTICIPATE IN TWO ADDITIONAL PLANT PHASES.ALTAGAS LTD - NEW INFRASTRUCTURE WILL ALSO INCLUDE LIQUIDS HANDLING AT TOWNSEND THAT WILL REQUIRE A CAPITAL INVESTMENT OF $40 MILLION IN 2019.  Full Article

Wgl Energy Secures $75 Million Financing From M&T Bank
Monday, 13 Aug 2018 

Aug 13 (Reuters) - AltaGas Ltd ::WGL ENERGY SECURES $75 MILLION FINANCING FROM M&T BANK.WGL ENERGY SYSTEMS SAYS HAS SECURED A $75 MILLION FINANCING PACKAGE FROM M&T BANK TO PROVIDE FUNDING FOR FUTURE SOLAR ENERGY PROJECTS.  Full Article

Kelt Exploration Says Expects To Enter Into A Marketing Arrangement With Altagas
Friday, 6 Jul 2018 

July 5 (Reuters) - Kelt Exploration Ltd ::KELT REPORTS INGA INFRASTRUCTURE AGREEMENT, PROVIDES AN OPERATIONS UPDATE AND EXPANDS ITS EXECUTIVE TEAM.KELT EXPLORATION LTD - KELT EXPECTS TO ENTER INTO A MARKETING ARRANGEMENT WITH ALTAGAS.KELT EXPLORATION LTD - EXPECTS Q2 2018 PRODUCTION TO BE IN 26,000 TO 26,500 BOE PER DAY RANGE.KELT EXPLORATION - ENTERED LOI WITH ALTAGAS FOR FIRM PROCESSING OF 75 MMCF/DAY OF RAW GAS UNDER 10 YEAR TAKE-OR-PAY ARRANGEMENT AT TOWNSEND DEEP CUT GAS PLANT.KELT EXPLORATION LTD - DURING Q2 , THREE OF MAJOR GAS PLANTS USED BY KELT TO PROCESS ITS GAS WENT DOWN FOR PLANT TURNAROUND OPERATIONS.KELT EXPLORATION LTD - KELT AVOIDED SELLING GAS INTO "DEPRESSED" WESTERN CANADA GAS MARKET.KELT EXPLORATION - LOI ENTERED INTO WITH ALTAGAS ALSO STIPULATES CONSTRUCTION OF A RAW GAS GATHERING PIPELINE FROM INGA TO TOWNSEND.KELT EXPLORATION-EXPECTS TO ENTER MARKETING ARRANGEMENT WITH ALTAGAS WHEREBY ALL OF CO'S PROPANE DELIVERED TO NORTH PINE TO GET FAR EAST INDEX PRICING.  Full Article

UPDATE 1-NextEra Energy Partners to buy Meade Pipeline for $1.37 billion

Sept 30 Independent power producer NextEra Energy Partners LP said on Monday it will buy Meade Pipeline Co LLC, a co-owner of the Central Penn Line in Pennsylvania, in a deal valued at about $1.37 billion, including some future capital contributions.