AltaGas Announces Start of Waterflow; 195 MW Forrest Kerr Hydro Facility Nears Completion
April 28 2014 - 11:35AM
Marketwired
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
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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
Community1-877-691-7199investor.relations@altagas.caAltaGas
Ltd.Media(403) 269-5701media.relations@altagas.cawww.altagas.ca
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