Growing demand for energy in Asia will be a driving force behind the company’s Canadian midstream business.
The company also says it has targeted an additional $1.5 billion to $2 billion in asset sales next year.
A group of smaller scale gas midstream and power assets in Canada and San Joaquin power assets in California sold.
Harris oversaw Alta’s $6-billion deal to buy Washington, D.C.-based energy utility company WGL Holdings, Inc., which closed in July.
Deal includes the assumption of approximately $2.4 billion of debt.
Company is the parent of natural-gas utility Washington Gas, which supplies the US capital region.
Company expects to invest up to $95 million to build a second gas processing plant beside its existing facility.
First phase of the project will cost up to $135 million.
Based on four remaining years for a group of coal power contracts that companies are trying to terminate.
Almost all the workers associated with LNG projects are reassigned to proposed Ridley Is. propane export terminal.
Astomos to buy at least half from BC terminal
JV partners had expected Triton to export about 2.3 million tonnes of LNG a year to Asia.
CEO challenges international report that suggests BC’s LNG export prospects have darkened due to weakened demand in Asia.
Deal includes infrastructure Altagas needs to pursue a partnership with Japan’s Idemitsu Koas Co. Ltd. to export gas overseas
AltaGas has a conditional option to purchase up to an additional 25% interest in Petrogas this year.