On Dec. 1, 2014, AltaLink L.P. (ALP) announced Berkshire Hathaway Energy Co. (BHE) had completed its acquisition of AltaLink Investments L.P. (AILP) and its insulated regulated utility operating subsidiary ALP for C$3.1 billion (approximately US$2.7 billion) in cash after receiving the required approval Nov. 28 from the Alberta Utilities Commission (AUC). As a result, we are raising our long-term corporate credit and senior unsecured debt ratings on AILP to 'BBB+' from 'BBB-' because we believe AILP's strategic importance to BHE is "core." We are also affirming our ratings, including the 'A-' long-term corporate credit rating, on ALP. On Dec. 3, 2014, Standard&Poor's Ratings Services raised its long-term corporate credit and senior unsecured debt ratings on AltaLink Investments L.P.
