AltaGas Ltd. (ALA.TO) today announced that the Gordondale Gas
Plant (Gordondale) and the Harmattan Co-stream project (Co-stream
Project) have met commercial in-service requirements. In 2012
AltaGas has added over 420 Mmcf/d of processing capability.
AltaGas also announced today that its wholly owned subsidiary
Pacific Northern Gas Ltd. (
) is carrying out feasibility studies for further expansion of its
pipeline system to approximately 600 MMcf/d. The PNG natural gas
distribution system is the only natural gas pipeline from the
producing regions in Alberta and BC to the west coast of Canada in
service today, Altagas said.
Progress on the NW hydro projects remains ahead of schedule and
on budget. Construction of the 195 MW Forrest Kerr run-of-river
project is 70% complete. The in-river construction commenced in
mid-November and the sluiceway diverting the river is now in
operation. AltaGas received the water licences for the McLymont
Creek and Volcano Creek projects on November 28 and December 3
In other news, the company's December dividend will be paid on
January 15, 2012, to common shareholders of record on December 27,
2012. The ex-dividend date is December 21, 2012. The amount of the
dividend will be $0.12 for each common share.
AltaGas went up by 1% to $33.58 in moving closer to year high
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