ALA.PR.U AltaGas Ltd

AltaGas Ltd. (AltaGas) (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) (TSX:ALA.PR.E)
today announced that it continues to make steady progress on its three Northwest
run-of-river hydroelectric projects. Construction of the 195 MW Forrest Kerr
facility is complete. The remaining start-up activities at Forrest Kerr will
focus on commissioning the powerhouse systems and high voltage switchyard and
tying in to the Northwest Transmission Line (NTL). Construction and stringing of
the NTL is now complete, and commissioning is underway. AltaGas has commenced
commissioning activities and expects to be generating power in July.


"With the start-up of Forrest Kerr only one month away, we are nearing
completion of one of the largest projects in the 20-year history of AltaGas,"
said David Cornhill, Chairman and CEO of AltaGas. "The safe commissioning of
Forrest Kerr is the last major step in unlocking the value it will bring to our
shareholders, the Tahltan First Nation, and the Province of British Columbia."


At the 16 MW Volcano Creek project, construction continues to pace two years
ahead of schedule. The penstock excavation and switchyard work is underway.
Assembly of the powerhouse and installation of the turbine generators is
advancing. The project remains on track to be in service shortly after Forrest
Kerr.


At the 66 MW McLymont Creek project, construction of the powerhouse foundation
is advancing ahead of schedule and excavation of the 2,800 meter power tunnel is
approximately 70 percent complete. The project is expected to be in service in
mid-2015.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AltaGas Ltd.
Investment Community
1-877-691-7199
investor.relations@altagas.ca


AltaGas Ltd.
Media
(403) 691-7197
media.relations@altagas.ca

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