AltaGas Announces Start of Waterflow; 195 MW Forrest Kerr Hydro Facility Nears Completion

AltaGas Announces Start of Waterflow; 195 MW Forrest Kerr Hydro Facility Nears Completion
  
 

CALGARY, ALBERTA--(Marketwired - Apr 28, 2014) - AltaGas Ltd. (AltaGas) (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) (TSX:ALA.PR.E) today announced the start of waterflow at its 195 MW Forrest Kerr run-of-river hydroelectric facility. AltaGas expects to start generating power in Mid-2014 subject to the availability of the Northwest Transmission Line (NTL).

"We are very close to starting up our Forrest Kerr facility and providing clean energy to the BC electricity grid," said David Cornhill, Chairman and CEO of AltaGas. "The contribution from our dedicated staff, the Tahltan First Nation and our contractors during the past four years of construction has been nothing short of phenomenal."

The weir, in-take structure, de-sanding area and radial gate control valve have all been commissioned. As part of the final phases of commissioning, water will fill the power tunnel gradually over a seven day period in preparation for full speed no load testing on the turbines and supporting auxiliary systems. AltaGas will also start commissioning the power house using on-site generation. Once the NTL is available, commissioning to tie Forrest Kerr into the transmission line will begin.

The Forrest Kerr facility will deliver clean energy to British Columbia and is capable of powering 70,000 homes.

AltaGas is an energy infrastructure business with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca

This news release contains forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect AltaGas' current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in AltaGas' public disclosure documents. Many factors could cause AltaGas' actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as intended, planned, anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. AltaGas does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

AltaGas Ltd.Investment [e-mail] Ltd.Media(403) [e-mail]