ALA.PR.U AltaGas Ltd

AltaGas Ltd. ("AltaGas") (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) today announced
that the Gordondale Gas Plant (Gordondale) and the Harmattan Co-stream project
(Co-stream Project) have met commercial in-service requirements. In 2012 AltaGas
has added over 420 Mmcf/d of processing capability.  


The Gordondale plant is one of the largest sour gas plants built in Alberta in
the last 15 years and was constructed in record time to meet producers'
requirements in the area. The 120 Mmcf/d facility successfully commenced
processing gas at the end of October slightly ahead of schedule and is currently
earning revenue under a long-term take-or-pay contract. The plant is located in
the Montney resource area, one of the largest low-cost, liquids-rich resource
plays in the Western Canadian Sedimentary Basin. Given the deep cut capability
and strategic location of the plant, AltaGas expects utilization of the plant to
increase over the coming months.    


The Co-stream Project uses 250 Mmcf/d of existing spare capacity at the
Harmattan Complex and went into commercial operation at the end of November.
AltaGas is currently receiving revenue under a 20-year cost-of-service contract
with NOVA Chemicals Corporation. The Co-stream Project recovers ethane and other
NGLs from natural gas sourced in the NOVA Gas Transmission Ltd. (NGTL) Western
System. AltaGas is currently processing 300 to 350 Mmcf/d or approximately 65
percent of plant capacity. 


"We are pleased to announce that these new gas projects are contributing to our
earnings and cash flow growth and look forward to continuing to work with
producers to provide midstream solutions in key areas such as the liquids-rich
Montney," said David Cornhill, Chairman and CEO of AltaGas. "We have added over
420 Mmcf/d of processing capability this year and these projects demonstrate our
ability to build and operate gas infrastructure assets in a very challenging
construction environment."    


AltaGas also announced today that its wholly owned subsidiary Pacific Northern
Gas Ltd. (PNG) is carrying out feasibility studies for further expansion of its
pipeline system to approximately 600 MMcf/d. The PNG natural gas distribution
system is the only natural gas pipeline from the producing regions in Alberta
and BC to the west coast of Canada in service today.


Progress on the NW hydro projects remains ahead of schedule and on budget. 
Construction of the 195 MW Forrest Kerr run-of-river project is approximately 70
percent complete.  The in-river construction commenced in mid-November and the
sluiceway diverting the river is now in operation. AltaGas received the water
licences for the McLymont Creek and Volcano Creek projects on November 28 and
December 3 respectively. 


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 renewable 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) 691-9873
media.relations@altagas.ca

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