Sept 26 (Reuters) - AltaGas Ltd ALA.TO :
* ALTAGAS ANNOUNCES THE ACQUISITION OF 50% INTEREST IN BLACK SWAN AITKEN CREEK GAS PROCESSING PLANTS AND PROCESSING, TRANSPORTATION AND MARKETING AGREEMENTS
* ALTAGAS - CAPITAL INVESTMENT BY CO FOR 50% OWNERSHIP IN AITKEN CREEK PROCESSING FACILITIES & NEW ALTAGAS INFRASTRUCTURE ANTICIPATED AT ABOUT $230 MILLION
* ALTAGAS - TOTAL CAPITAL INVESTMENT BY CO FOR 50% OWNERSHIP IN AITKEN CREEK PROCESSING FACILITIES&NEW INFRASTRUCTURE IS ANTICIPATED AT ABOUT $230 MILLION
* ALTAGAS LTD - INITIAL TERM OF COMMERCIAL ARRANGEMENTS IS 15 YEARS
* ALTAGAS LTD - TOTAL PROPANE SUPPLY FOR RIPET EXPECTED TO ACHIEVE INITIAL 40,000 BBL/D TARGET
* ALTAGAS LTD - INVESTMENT IN AITKEN CREEK PROCESSING FACILITIES INCLUDES $136 MILLION IN 2018 AND AN ESTIMATED $50 MILLION IN Q4/2019
* ALTAGAS - INITIAL TERM OF ARRANGEMENTS TO GIVE BOTH PARTIES WITH OPTION TO EXTEND THROUGH ADDITIONAL NATURAL GAS PROCESSING INVESTMENTS
* ALTAGAS LTD - AITKEN CREEK PROCESSING FACILITIES WILL HAVE AN ESTIMATED 210 MMCF/D (GROSS) OPERATIONAL CAPACITY
* ALTAGAS LTD - AITKEN CREEK PROCESSING FACILITIES HAS POTENTIAL FOR FUTURE EXPANSIONS TO INCREASE PROCESSING CAPACITY UP TO 360 MMCF/D (GROSS)
* ALTAGAS LTD - ALTAGAS WILL HAVE OPTION TO PARTICIPATE IN TWO ADDITIONAL PLANT PHASES
* ALTAGAS LTD - NEW INFRASTRUCTURE WILL ALSO INCLUDE LIQUIDS HANDLING AT TOWNSEND THAT WILL REQUIRE A CAPITAL INVESTMENT OF $40 MILLION IN 2019