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Alaska’s largest natural gas utility being sold for $800M

May 27, 2022

Via: ABC News

The owner of the largest natural gas utility in Alaska said it is selling the company to Canada-based TriSummit Utilities Inc. for $800 million.

AltaGas Ltd. announced Thursday that the sale includes Anchorage-based ENSTAR Natural Gas, associated pipelines and ENSTAR’s majority ownership in a gas storage facility, the Anchorage Daily News reported. AltaGas, also based in Canada, acquired Enstar in 2012.

TriSummit has about 133,000 customers in Canada. ENSTAR, which has about 150,000 customers in Anchorage and parts of south-central Alaska, has had about 1% annual growth in customers in recent years, AltaGas has reported.

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