11:15 AM EST - AltaGas Ltd. : received the ruling of the independent arbitration panel which evaluated the merits of a force majeure claim in relation to outages of the Sundance 3 facility that first occurred in the second quarter 2010. The independent arbitration panel issued its ruling on November 22, 2012 which granted partial force majeure relief to the operator of the facility. Based on this decision, AltaGas expects to receive a cash payment of approximately $5 million from the operator of the facility and expects to record an after-tax, non-cash charge of approximately $8 million in the fourth quarter of 2012. AltaGas Ltd.
shares T.ALA are trading up $0.22 at $34.04.
