AltaGas Ltd. announces decision on Harmattan Co-Stream project

Friday, January 18, 2013
  • The Harmattan Co-stream project commenced commercial operation in November 2012.

AltaGas Ltd. (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) received the Supreme Court of Canada decision dismissing a third party leave to appeal application of the July 19, 2012 Alberta Court of Appeal decision. The Alberta Court of Appeal decision dismissed a third party appeal of the decision of the Energy Resources Conservation Board (ERCB) which approved the Harmattan Co-stream project on December 7, 2010.

The Harmattan Co-stream project commenced commercial operation in November 2012. The Co-stream Project will use 250 Mmcf/d of existing spare capacity to recover ethane and other NGLs from natural gas sources in the NOVA Gas Transmission Ltd. (NGTL) Western System. The project is underpinned by a 20-year cost-of-service contract with NOVA Chemicals Corporation.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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