Topic: How To Invest

Stock Pickers Digest Hotline – Friday, July 26, 2019

Article Excerpt

ALTAGAS LTD., $20.41, symbol ALA on Toronto, processes, transports, stores and markets natural gas for producers. The company also operates natural gas utilities; and it is a power generator, with gas-fired, coal-fired, wind, biomass and hydroelectric plants. AltaGas has now agreed to sell its portfolio of U.S. distributed generation assets held by its subsidiaries WGL Energy Systems, Inc. and WGSW, Inc. The buyer, TerraForm Power, Inc., is an affiliate of Brookfield Asset Management (symbol BAM.A on Toronto) and has agreed to pay $940 million. Distributed generation systems are small decentralized power plants that are located close to the customers they serve, but with capacities of only 10 megawatts or less. AltaGas’s portfolio of U.S. distributed generation assets comprise a total of 322 megawatts of power generation located in 20 states and the District of Columbia. Among those facilities are plants generating 291 megawatts of commercial and industrial solar power, 10 megawatts of fuel cell energy and 21 megawatts of residential solar power. AltaGas is…

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