TriSummit, an utility and renewable energy company, agreed to acquire Alaska Utility Business of AltaGas, an energy infrastructure company, for $800m. "We are pleased to announce this transaction with TriSummit. The Alaskan Utilities have a long history of delivering safe, reliable and affordable energy to its customers, operating with an industry-leading safety record, and driving positive outcomes for all of its stakeholders. We believe that TriSummit will be an excellent steward to the Alaskan Utilities stakeholders in the next chapter of its corporate life, along with the continued direction from the highly capable Alaskan senior leadership team and the dedicated employees that will be joining TriSummit post-closing," Randy Crawford, AltaGas President and Chief Executive Officer.