Client Altagas Ltd. Announces $642 Million Acquisition of GWF Energy Holdings

Client AltaGas Ltd. (TSX:ALA) recently announced that, through its indirect wholly owned subsidiary AltaGas Power Holdings (U.S.) Inc., it has successfully completed the acquisition of GWF Energy Holdings LLC, which holds a portfolio of three natural gas-fired electrical generation facilities in northern California totaling 523 MW, including the 330 MW Tracy facility, the 97 MW Hanford facility and the 96 MW Henrietta facility, for a purchase price of approximately US$642 million. Stoel Rives served as legal adviser to AltaGas in the transaction.

The Stoel Rives deal team was led by David Quinby, with substantial assistance from Jennifer Johnson, Kristen Castaños, Matt Decker, Chris Demet, Melissa Foster, Jason Johns, Wes Miliband, Kevin Pearson and Allison Smith, among others.