Enstar Sold to Canadian Corporation

Enstar has seen a 2.5 percent compound annual growth rate

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By KTVA CBS 11 News
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Story Created: Feb 1, 2012 at 6:53 PM AKDT

Story Updated: Feb 1, 2012 at 8:02 PM AKDT

A Canadian corporation today announced the acquisition of Enstar Natural Gas Company, one of Alaska’s oldest energy providers.

In a press release, AltaGas Ltd. said the $1.1 billion purchase included Semco Energy, Inc, Enstar’s Michigan parent company and owner of a 65 percent interest in the Cook Inlet Natural Gas Storage Alaska (CINGSA) facility.

Enstar has seen a 2.5 percent compound annual growth rate over the past decade, and AltaGas said they saw “extensive opportunities for growth,” at the Kenai Peninsula storage facility.

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One way or another said on Friday, Feb 3 at 12:33 AM

The Canuks are gonna get our gas and oil

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Anonymous said on Wednesday, May 2 at 5:34 PM

you mean Cananada...lol...

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