AltaGas

AltaGas is a North American energy infrastructure company based in Calgary, Alberta. The company operates in two business segments: Utilities and Midstream.

AltaGas Ltd.
Public
Traded asTSX: ALA
IndustryGas Utilities
Petroleum Industry
FoundedApril 1, 1994
HeadquartersCalgary, Alberta, Canada
Areas served
Canada
United States
Key people
  • Pentti Karkkainen
    Chairman of the Board
  • Randy Crawford
    Chief Executive Officer
ProductsElectricity generation, natural gas
RevenueC$ 5.50 Billion (2019)[1]
C$ 840 Million (2019)[1]
Total assetsC$ 19.80 Billion (2019)[1]
Total equityC$ 7.37 Billion (2019)[1]
Number of employees
2,801 [1]
SubsidiariesWGL Holdings
Websitewww.altagas.ca

History

AltaGas began operations in Calgary in 1994 in the natural gas business, with the goal of building a western Canadian midstream business. The company later began its utility segment in 1998 in Alberta, and entered the power business in 2001.

In 2017 AltaGas agreed to purchase WGL Holdings, significantly expanding its presence in the United States.[2]

Operations

Utilities

AltaGas operates regulated utilities that store and deliver natural gas to end‑users across North America. The utility businesses serve approximately 1.8 million customers.

Midstream

The Midstream segment serves customers primarily in the Western Canadian Sedimentary Basin and transacts more than 2 billion cubic feet (57 million cubic metres) per day of natural gas. The division serves many purposes including natural gas gathering and processing, natural gas liquids extraction and separation, transmission pipelines delivery for both gas and liquids, storage and marketing.

References
  1. https://www.altagas.ca/invest/financials/financial-highlights. Missing or empty |title= (help)
  2. "AltaGas to buy WGL Holdings for $4.5-billion in major U.S. push". Retrieved 2018-04-27.
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