AltaGas Ltd - Company Profile
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Business Description
AltaGas Ltd (AltaGas) is an energy infrastructure company that generates and distributes electricity, and stores, transports and distributes natural gas. It also generates electricity by using various fuel and renewable sources such as wind, geothermal and gas-fired generation plants. AltaGas operates through two reportable segments, Midstream and Utilities.
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Business Segments
Overview
Carries out natural gas gathering and processing; natural gas liquid (NGL) extraction and fractionation, storage and transmission; and sale of natural gas and NGL. Conducts business through three operations, Global Exports, Natural Gas Gathering and Extraction and Fractionation and Liquid Handling platforms. Operates LPG export terminals and exports Propane and Butane to key Asian markets. Focused on extraction and processing of field gas from the Montney resource play in Northeastern British Columbia Owns and Operates fractionation facilities under AltaGas and Petrogas brands. Gas processing projects include Townsend Facility, Gordondale Facility, Blair Creek Facility, Aitken Creek facilities, Harmattan facility and four NGL extraction plants namely Edmonton extraction plant, Joffre ethane extraction plant, Pembina Empress Extraction plant and Younger extraction plant. Deems expanding and optimizing strategically-located assets to serve customers by providing access to new markets, including Asia. It also focuses on enhancing its midstream business by adding new assets and infrastructure.
Performance
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Overview
Owns and operates natural gas distribution and storage facilities through four utilities Conducts operations through Washington gas, SEMCO energy, ENSTAR and Cook Inlet Natural Gas Storage Alaska. Operates in five major US states including Maryland, Virginia, District of Columbia, Michigan and Alaska Envisages pursuing acquisition opportunities for enhancing shareholders’ and customers’ value. It also aims at investing in existing infrastructure to maximize its use and increase market penetration to maintain cost-effective rates
Performance
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Overview
Includes the company's corporate activities and a small portfolio of gas-fired power generation and distribution assets. These assets are mainly located in California and are capable of generating 508 MW of power.
Performance
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Geographical Segments
Performance
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Performance
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