Fortis Acquires Chevron’s Aitken Creek Gas Storage Facility, British Columbia
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Fortis Inc. has completed the acquisition of Aitken Creek Gas Storage ULC from Chevron Canada Properties Ltd.
“This acquisition reflects our continued focus on natural gas investments in British Columbia. The Aitken Creek gas storage facility is uniquely positioned to benefit from future development of British Columbia’s natural gas resources to serve both domestic markets and LNG exports,” said Barry Perry, president and CEO of Fortis.
Aitken Creek is the only underground natural gas storage facility in British Columbia and has a total working gas capacity of 77 BCF. The facility is located in the heart of the prolific Montney production region.
About Fortis
Fortis is a leader in the North American electric and gas utility business, with total assets of approximately $29 billion and fiscal 2015 revenue of $6.7 billion. The corporation’s asset mix is approximately 96 percent regulated (70 percent electric, 26 percent gas), with the remaining 4 percent comprised of long-term contracted hydroelectric generation operations. The corporation’s regulated utilities serve more than 3 million customers across Canada and in the United States and the Caribbean.
To stop by Fortis’ website, CLICK HERE
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