AltaGas Joins Canadian Shopping Spree in U.S.

The transcript discusses AltaGas's acquisition of WGL Holdings for $4.6 billion, highlighting the trend of Canadian utility companies expanding into the US market due to limited growth opportunities in Canada. The acquisition includes a gas utility servicing Washington DC, including the White House. The discussion also touches on the potential impact of the Trump presidency on the deal, with AltaGas expressing confidence in maintaining WGL's headquarters in Washington DC and not raising customer rates.

What is the primary business of WGL Holdings?

• Gas utility services

• Telecommunications

• Water supply management

• Electricity distribution

Why are Canadian utility companies looking to acquire assets in the US?

• To diversify their business operations

• To find growth opportunities not available in Canada

• To comply with Canadian regulations

• To reduce operational costs

Which Canadian company recently acquired a US utility?

• Merabi

• TransCanada

• Algonquin

• AltaGas

What reassurance did AltaGas provide regarding the acquisition of WGL Holdings?

• They will relocate WGL's headquarters to Canada

• They will increase customer rates

• They will maintain WGL's headquarters in Washington DC

• They will reduce investments in the US

How does AltaGas plan to handle the change in US administration with respect to the acquisition?

• By selling off US assets

• By maintaining their current US presence and investments

• By increasing investments in Canada

• By halting all US operations