AltaGas
AltaGas is a North American energy infrastructure company based in Calgary, Alberta. The company operates in two business segments: Utilities and Midstream.
 | |
| Type | Public |
|---|---|
| TSX: ALA | |
| Industry | Gas Utilities Petroleum Industry |
| Founded | April 1, 1994 |
| Headquarters | Calgary, Alberta, Canada |
Areas served | Canada United States |
Key people |
|
| Products | Electricity generation, natural gas |
| Revenue |  C$ 5.50 Billion (2019)[1] |
| C$ 840 Million (2019)[1] | |
| Total assets |  C$ 19.80 Billion (2019)[1] |
| Total equity | C$ 7.37 Billion (2019)[1] |
Number of employees | 2,801 [1] |
| Subsidiaries | WGL Holdings |
| Website | www |
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.
- Washington Gas in the Washington metropolitan area
- SEMCO Energy Gas Company in Michigan
- ENSTAR Natural Gas Company in Alaska
- Heritage Gas in Nova Scotia
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
- https://www.altagas.ca/invest/financials/financial-highlights. Missing or empty
|title=(help) - "AltaGas to buy WGL Holdings for $4.5-billion in major U.S. push". Retrieved 2018-04-27.