• BB World Service12:00 am to 5:00 am

Menu Schedule Links

Signal Status

There are currently no events to display.

Emily_volunteer-copy

Enstar Sold to AltaGas

By and | February 2, 2012 - 5:30 pm

Enstar, the natural gas utility in the Cook Inlet area, is being sold to a Canadian corporation. Enstar belongs to Semco Energy, which in turn was owned by Continental Energy Systems in Michigan. The company that is buying Semco is AltaGas, of Calgary, which already owns other natural gas distribution systems in the north and a hydro-electric project on the Iskut River in British Columbia. It is paying 1.135 billion dollars for a U-S presence.

Enstar spokesman John Sims says customers should see no change.

“It’s important to understand, or for customers to understand that this will have no immediate impact on base rates. There won’t be an adjustment in rates until 2014, which our next scheduled rate case is, so, you know, from that perspective, to customers, it should be seamless,” Sims said.

Sims also says Enstar’s president and management team have been retained and it’s largely unionized staff’s contracts will be honored by AltaGas.

The transaction is expected to be closed in the third quarter of 2012.

Download Audio

You can subscribe to APRN’s newsfeeds via email, podcast and RSS. Follow us on Facebook at alaskapublic.org and on Twitter @aprn.

Comments

Please read our comment guidelines.