An agreement has been reached between AtlaGas and the Tahltan Nation regarding the sale of its remaining shares in the Northwest British Columbia Hydro Electric Facilities.
In 2014, the Tahltan Nation become equity owners of the facilities when they purchased a 2.7 percent stake, making them a limited partner with consent required on future sales.
On December 12th, the Tahltan reached an agreement with AtlaGas which would allow them to sell their remaining 55 percent stake in the facilities.
Under this agreement, the Tahltan would continue to own a 2.7 percent stake with the right to purchase up to 5 percent , continue to receive benefits from their Impact Benefits Agreement, and receive a payment to the Tahltan Heritage Trust.
A sale must still be finalized between AtlaGas and proposed purchasers Axium Infrastructure Canada, and Manulife Financial.
