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AltaGas to buy Blythe Energy for $515M

Blog by Brad Herman | March 26th, 2013

AltaGas Ltd. (ALA-T 34.91 0.01 0.03%) said it will buy U.S. power company Blythe Energy LLC for $515 million US to take control of a power plant that runs on cheaper and cleaner natural gas.

AltaGas, which is involved in energy services, power generation and natural gas extraction and transmission, said the acquisition will help it meet increasing demand for power generated from cleaner sources.