News

AltaGas Income Trust to host teleconference on May 11, 2005

CALGARY--(CCNMatthews - May 5) - AltaGas Income Trust (AltaGas or the Trust) 
will announce its first quarter 2005 earnings results on Wednesday, May 11, 
2005. The Trust will host a teleconference to discuss the first quarter 
financial and operating results.

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    Conference Call details:

    Date:     Wednesday, May 11, 2005
    Time:     2:30 p.m. Mountain Time (4:30 p.m. Eastern Time)
    Dial-in:  416-640-4127 or 800-814-4861 toll-free

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Shortly after the conclusion of the live call, a replay will be available by 
dialing 416-640-1917 or 877-289-8525. The pass code is 21121981 followed by 
the pound key. The replay will expire at midnight (ET) on May 20, 2005.

AltaGas moves energy from its source to the end user, adding value through 
the process. The Trust has consolidated assets totalling over $1 billion and 
a market capitalization of approximately $1.3 billion. Its steadily expanding 
asset base today includes natural gas gathering and processing facilities, 
interests in ethane and natural gas liquids extraction plants, and 
transmission pipelines. AltaGas distributes natural gas to Alberta customers 
through AltaGas Utilities Inc., to customers in the Northwest Territories 
through the Ikhil Gas Project and distributes gas in Nova Scotia through its 
interest in Heritage Gas Limited. The Trust provides energy services to 
customers, including marketing of natural gas and natural gas liquids, sale 
of power from its power purchase based arrangements and as a leading energy 
agency business, specializes in the procurement and supply of energy to end 
users.

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

When used in this news release, the words "anticipate," "estimate," and 
similar expressions are intended to identify forward looking statements. Such 
statements are subject to certain risks, uncertainties and assumptions that 
could cause actual results to differ materially from those contemplated in 
the forward looking statements. These risks and uncertainties include 
operating performance, regulatory and environmental issues, weather and 
economic conditions, competition and financing availability. For additional 
information on these and other factors see the reports filed by AltaGas with 
Canadian securities regulators. AltaGas disclaims any intention or obligation 
to update or revise any forward looking information whether as a result of 
new information or future event.