Earnings
May 23, 2019 - CM
New! Canadian Imperial Bank of Commerce Q2-2019 Earnings - Price Target Update .....
May 23, 2019 - IPL
New! Inter Pipeline Ltd - Q1-2019 Earnings - Price Target Update .....
May 21, 2019 - KEY
Keyera Corp. Q1-2019 Earnings, Price Target Update .....
May 19, 2019 - CHE.UN
Chemtrade Logistics Income Fund - Q1-2019 Earnings, Price Target .....
May 18, 2019 - CNQ
Canadian Natural Resources Ltd. Q1-2019 Earnings .....
May 17, 2019 - FRU
Freehold Royalties Ltd - Q1-2019 Earnings, Price Target Update .....
May 15, 2019 - VET
Vermilion Energy Inc. Q1-2019 Earnings & Price Target Update .....
May 14, 2019 - ENB
Enbridge Inc. Q1-2019 Earnings & Price Target Update .....
Recommendation Changes
EIF, DR, FTS, CPX, CJR.B, more...

Altagas Canada Ltd.- New Issue Update

This is only a sample of the article, please login to view the entire article

Altagas Canada Ltd – New Issue

Altagas Canada Ltd. (ALC) has ownership in assets purchased from Altagas Inc.(ALA). Altagas Inc. is selling the assets are part of their plan to raise capital to fund the purchase of WGL Utilities. AltaGas Ltd. (ALA) will own approximately 45% of Alta Gas Canada (ALC) (36.8% if the over-allotment option is exercised in full).

The assets acquired include four established regulated natural gas distribution utilities PNG, AUI, Heritage Gas, and a one-third interest in Inuvik Gas all located in northern BC and Alberta serving areas dependent on the oil sands and northern BC natural gas. They are not selling their US utility, SEMCO gas, the Alaska utilities, nor storage facilities located in Nova Scotia. These utilities have a combined total rate base of approximately $837M. In addition Bear Creek Windfarm comprising 30MW and a 10% interest in Bear Mountain Hydro will be transferred. A 35% interest in Bear Mountain has already been sold as part of the program to raise funding for the WGL transaction.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
May 24, 2019
New! TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
New! Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price Changes - May 3-10, 2019
May 7, 2019
Capital Power Corp - $150M, 5.75% Mininum Rate Preferred Share New Issue
May 4, 2019
Coverage Universe - Weekly Price Changes Apr 26- May 3, 2019
April 26, 2019
Coverage Universe - Weekly Price Changes Apr. 19-26, 2019
April 19, 2019
Coverage Universe - Weekly Price Changes Apr. 12-19, 2019
April 18, 2019
Surge Energy Inc 6.75% Convertible Debenture New Issue