Dec 17 (Reuters) - AltaGas Ltd ALA.TO :
* ALTAGAS ANNOUNCES 2020 GUIDANCE, SUSPENSION OF ITS DIVIDEND REINVESTMENT PROGRAM, AND PROVIDES AN UPDATE ON ITS 2020 STRATEGIC PLAN
* SEES FY 2020 ADJUSTED EARNINGS PER SHARE C$1.20 TO C$1.30
* SUSPENSION OF DIVIDEND REINVESTMENT PROGRAM.
* REAFFIRMS ITS 2019 GUIDANCE
* IN 2020, ALTAGAS' CAPITAL INVESTMENT IS ESTIMATED AT $900 MILLION
* ALLOCATING ABOUT 25% MORE CAPITAL IN 2020 TO ACCELERATED REPLACEMENT PROGRAMS AT ITS UTILITIES BUSINESS
* EXPECT UTILITIES SEGMENT EBITDA GROWTH OF OVER 10 PERCENT IN 2020
* IN MIDSTREAM SEGMENT CO EXPECTS 20 - 25% GROWTH IN 2020, ADJUSTING FOR ASSET SALES
* EXPECTS TO ACHIEVE NORMALIZED EARNINGS PER SHARE OF $1.20 - $1.30 IN 2020
* CONSOLIDATED UTILITIES RATE BASE IS EXPECTED TO GROW AT APPROXIMATELY 8 - 10 PERCENT ANNUALLY IN 2020 AND BEYOND
* ALTAGAS - EXPECTS TO FUND CAPITAL INVESTMENT PLAN THROUGH SIGNIFICANT EMBEDDED GROWTH, EXISTING FINANCIAL CAPACITY
* FY2020 EARNINGS PER SHARE VIEW C$1.22 -- REFINITIV IBES DATA
* ALTAGAS- GROWTH IN CORE UTILITIES AND MIDSTREAM BUSINESSES IN 2020 IS EXPECTED TO MORE THAN OFFSET LOST EBITDA FROM ASSET SALES COMPLETED IN 2019