Summary
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; natural gas gathering and extraction business; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 578 MW of power in California and Colorado. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.
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.
Mission
At AltaGas, we work to create value by connecting clean energy resources with markets in order to meet the world’s energy needs.
Vision
AltaGas is dedicated to building a healthier world for future generations. As one of North America's leading energy companies, we strive to be the complete clean energy partner for our customers and communities by delivering reliable energy infrastructure and services.
Key Team
Mr. Randy W. Toone B.Sc., P.Eng (Exec. VP & Pres of Midstream)
Mr. Donald M. Jenkins B.Sc., M.B.A. (Exec. VP and Pres of Utilities & Washington Gas Light Company)
Mr. Jon Morrison (Sr. VP of Investor Relations & Corp. Devel.)
Mr. Kent E. Stout (Sr. VP of Organizational Devel.)
Mr. Bradley B. Grant Esq., B.Comm, LLB, MBA (Exec. VP & Chief Legal Officer)
Mr. Joy Sumanan Thakur (Sr. VP of Commercial & Bus. Operations)
Mr. James Shelford (Sr. VP of Commercial)
Recognition and Awards
AltaGas has won numerous awards for its commitment to the environment, corporate responsibility and sustainability. The company has been consistently ranked as one of the top 50 most sustainable companies in the world. Additionally, AltaGas has been selected one of Canada’s top employers for the past five years and has been recognized for its diversity initiatives.
References
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