Globally Connected Infrastructure
2024 Capex Budget
2024 Capital Budget: $1.2 Billion
Largest 2024 capital outlays include Utilities ARP, System Betterment,
and the Pipestone II facility.
Increasing Midstream Allocation
Strong organic growth opportunities across both platforms - driving
healthy competition for capital. Attractive opportunities
in Midstream driving increased allocation.
Corporate/Power
6%
Midstream:
Maintenance &
Turnaround
☐
Pipestone II
☐
Optimization capital
Utilities
58%
Midstream
36%
Utilities:
☐
ARP/MRP Programs
"
Customer Growth
System Betterment
2%
1%
1%
2%
6%
58%
70%
78%
89%
87%
36%
28%
20%
10%
12%
2020
2021
2022
2023E
2024E
■ Utilities
Midstream Corporate/Power
Notes: *See "Forward-looking Information"
AltaGas
Significant Growth Opportunities Require High-grading To Maintain Ability to Self-fund
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