AltaGas Income Trust

AltaGas Income Trust

May 08, 2008 17:10 ET

AltaGas Appoints New Member to Board of Directors

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - AltaGas Income Trust (AltaGas or the Trust) (TSX:ALA.UN) today announced the appointment of Hugh A. Fergusson, B.A., LLB, ICD.D, to the Board of Directors of AltaGas General Partner Inc., effective May 7, 2008.

Mr. Fergusson is currently a board member for Provident Energy Trust, Canexus Income Trust and the Alberta Electric System Operator. He was also a board member with Taylor NGL Limited Partnership from 2005 to 2008.

"I am happy to welcome Mr. Fergusson to the Board of Directors of AltaGas," said David Cornhill, Chairman and CEO of AltaGas. "Mr. Fergusson brings a wealth of energy industry experience and I am confident he will make a positive contribution to our Board as we position AltaGas for continued growth."

Prior to his retirement in 2004, Mr. Fergusson worked for the Dow Chemical Company, where he held a variety of progressively more senior positions in Canada and the United States for more than 25 years. The last position he held was Vice President, Hydrocarbons and Energy, where he was responsible for Dow's Canadian hydrocarbons and energy assets and joint venture activities.

Mr. Fergusson earned a Bachelor of Arts in Politics and Economics from McMaster University in 1970. He graduated with an LLB from the University of Windsor Law School in 1973 and was admitted to the Law Society of Upper Canada in 1975.

AltaGas Income Trust is one of Canada's largest and fastest growing energy infrastructure organizations. The Trust creates value by acquiring, growing and optimizing gas and power infrastructure, including a focus on renewable energy sources.

AltaGas Income Trust's units are listed on the Toronto Stock Exchange under the symbol ALA.UN. The Trust is included in the S&P/TSX Composite Index, the S&P/TSX Income Trust Index and the S&P/TSX Capped Energy Trust Index.

This news release contains forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Trust or an affiliate of the Trust, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Trust's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Trust's public disclosure documents. Many factors could cause the Trust's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as intended, planned, anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Trust does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Contact Information