AltaGas Ltd. (TSX:ALA)Industrial
AltaGas Ltd, a North American company, engages in producing, acquiring, storing, developing, and distributing clean and affordable electricity and natural gas.
The company also operates pipelines system in Canada and the United States. The energy infrastructure firm buys and sells more than 1.5 billion cubic feet per day of natural gas liquids (NGLs). In addition, the company distributes, extracts, stores and commercializes natural gas and NGLs.
Natural gas is used as a power source for use in commercial, household and industrial establishments. The natural gas is transmitted to processing facilities from producing wells. In the processing facilities, various impurities and hydrocarbon elements are removed from natural gas by compression, the energy firm claims.
The company extracts products like natural gas, ethane and NGL liquids. AltaGas facilitates transmission of natural gas liquid and natural gas to overseas markets through Ridley Island Propane Export Terminal in British Columbia.
Alta Gas claims to deliver 695 megawatts of natural gas from its power stations situated in Alberta, Canada and Columbia District, the US.
The firm also operates under the midstream services and utility segment across Canada. The company acquires utilities and energy infrastructure to gather, store and provide clean and affordable natural gas to 1.6 million industries, residential, commercial, and business organizations reportedly.
AltaGas claims to own an extraction processing facility with 1.5 Bcf/d capacity and 0.7 Bcf/d capacity for processing raw field gas.
The midstream division invests in the proposed Constitution Pipeline and Mountain Valley Pipeline, the firm claims.
AltaGas’ utility facilities are located in Virginia, District of Columbia, Michigan, Alaska and Maryland. The utility assets are delivered by various companies, including ENSTAR Natural Gas Company, SEMCO, WGL (Washington Gas).
The Calgary-based firm was founded in 1994 as an oil and gas company.
The company owns and operates diversified natural gas and energy plants, including:
• North Pipe Liquid Separation Facility
• Brush II
• Gordondale Gas Plant
• Townsend Complex
The company is also exploring Alton Natural Gas Storage, which is presently under construction, it claims. The energy infrastructure firm says that the facility would consists of a natural gas pipeline to connect to the North American natural gas supply network.
1700, 355 4 Avenue SW Calgary, Alberta T2P 0J1