Elias Jossen's questions to AltaGas (ATGFF) leadership • Q1 2025
Question
Elias Jossen from JPMorgan Chase & Co. inquired about how data center commercialization opportunities could affect the growth outlook for the Utilities segment. He also asked for an update on the Trigon litigation, including its potential impact on the business and expected timeline.
Answer
President of Utilities, Blue Jenkins, noted ongoing conversations for medium-sized data centers and plans for shorter-term recovery contracts. President and CEO Vern Yu added that data center projects could potentially increase the Utilities' rate base CAGR from 8% to around 9%. Regarding the litigation, Yu stated that AltaGas has exclusive rights to develop bulk liquid exports at Ridley Island, which it will defend vigorously, and that the port authority was in court seeking a summary dismissal of Trigon's lawsuit.