AltaGas joins Canada buying spree in US with USD 4.6 Billion deal

Calgary power and gas supplier AltaGas has agreed to buy WGL Holdings Inc. for USD 4.6 billion, joining the list of Canadian companies currently showing great interest in US energy assets.

Photo: Dong Energy, PR

Add AltaGas Ltd. to the list of Canadian companies that can not seem to get enough of America's energy assets.

The Calgary power and gas supplier agreed on Wednesday to buy WGL Holdings Inc. – owner of the Washington utility that supplies natural gas to the White House – for USD 4.6 billion. The takeover will expand its reach in the US, where it already owns power plants and two natural gas distributors. The company also plans to invest USD 1.8 billion in the Marcellus and Utica shale formations of the eastern US.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nel books another operating deficit

Despite achieving a positive bottom-line figure in this year’s first quarter, Nel Hydrogen books yet another substantial operating deficit in the second quarter, albeit improving the result against the same period last year.

Further reading

Related articles

Latest News

See all jobs