June 13 (Reuters) - Canadian utility AltaGas Ltd ALA.TO said on Wednesday it would sell a 35 percent stake in the Northwest British Columbia Hydro Electric Facilities for C$922 million ($707.87 million).
The sale to a joint venture owned by Axium Infrastructure Inc and Manulife Financial Corp MFC.TO is part of a plan to raise C$2 billion related to the company's acquisition of U.S.- based utility WGL Holdings Inc WGL.N . ($1 = 1.3025 Canadian dollars)