ALA.PR.U AltaGas Ltd

AltaGas Ltd. ("AltaGas") (TSX:ALA)(TSX:ALA.PR.A)(TSX:ALA.PR.U) today announced
it has closed its previously announced public offering of 8,000,000 Cumulative
Redeemable Rate Reset Preferred Shares, Series E (the "Series E Preferred
Shares"), at a price of $25.00 per Series E Preferred Share ("the Offering") for
aggregate gross proceeds of $200 million, including 2,000,000 Series E Preferred
Shares pursuant to the exercise in full of an underwriters' option. 


The Offering was first announced on December 4, 2013 when AltaGas entered into
an agreement with a syndicate of underwriters co-led by TD Securities Inc., RBC
Capital Markets and Scotiabank.


Net proceeds will be used to reduce outstanding indebtedness and for general
corporate purposes. 


The Series E Preferred Shares will commence trading today on the Toronto Stock
Exchange ("TSX") under the symbol ALA.PR.E.


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, financial results, the use of proceeds from
the Offering and the trading of the Series E Preferred Shares on the TSX. 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) 269-5701
media.relations@altagas.ca
www.altagas.ca

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