Algonquin Power & Utilities

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Algonquin Power and Utilities Corp
Public
Traded as TSXAQN
Industry Electric generation
Water Utilities
Founded 1997
Headquarters Oakville, Ontario, Canada
Key people
Ian E. Robertson , CEO
Revenue C$276.6m 2011
C$37.8m
C$23.4m
Total assets C$1,282m
Website www.algonquinpower.com

Algonquin Power & Utilities Corp. is a renewable energy and regulated utility company with assets across North America. Algonquin actively invests in hydroelectric, wind and solar power facilities, and sustainable utility businesses (water, electricity and natural gas) through its two operating subsidiaries: Algonquin Power Co. and Liberty Utilities.

Public Listing[edit]

Algonquin Power Income Fund was established in September 1997 and first listed its trust units on the Toronto Stock Exchange on December 23, 1997.[1] Having raised nearly $75m, Algonquin used $27.5m to purchase 14 hydroelectric generation facilities located in Ontario, Québec, New York and New Hampshire.

Conversion to Corporation[edit]

In response to the Government of Canada's decision to end the preferential tax treatment of income trusts, Algonquin Power Income Fund was converted to a corporation in October 2009.[2] Unit-holders exchanged their trust units on a one-for-one basis for shares in the new corporate entity, Algonquin Power & Utilities.

Liberty Utilities[edit]

Liberty Utilities operates in the following locations:

Liberty Utilities is currently in the process of acquiring Park Water, which operates water systems in California and Montana, from The Carlyle Group.[21]

References[edit]

  1. ^ Algonquin Power Annual Report, 1997
  2. ^ Algonquin Power Annual Report, 2009
  3. ^ 1500038078.PDF, retrieved 2015-02-14 
  4. ^ Martori, Art (2011-10-07). "Sewer, management of plant raise stink for some in Gold Canyon". East Valley Tribune. Retrieved 2015-02-14. 
  5. ^ Saunders, Diane (2002-06-06). "Bella Vista Water Co. stock sold; no change in service to local customers". The Sierra Vista Herald. Retrieved 2015-02-14. 
  6. ^ "ALGONQUIN POWER INCOME FUND ANNUAL INFORMATION FORM MARCH 31, 2006". Retrieved 2015-02-14. 
  7. ^ "Algonquin Power Income Fund Acquires Rio Rico Utilities Inc.". 2005-12-13. 
  8. ^ Cole, Dana (2006-09-12). "Algonquin Water ready to take over McLain companies". The Sierra Vista Herald. Retrieved 2015-02-14. 
  9. ^ Cole, Dana (2007-02-21). "Algonquin purchase of McLain water companies finalized". The Sierra Vista Herald. Retrieved 2015-02-14. 
  10. ^ "Algonquin Power & Utilities Corp. Announces 2010 Fourth Quarter and Year End Financial Results". Retrieved 2015-02-14. 
  11. ^ "United Water Sells Arkansas Regulated Operations". Retrieved 2015-02-14. 
  12. ^ "UPDATE 2-Algonquin, Emera to jointly buy some NV Energy assets". Reuters. 2009-04-23. Retrieved 2014-09-16. 
  13. ^ "Algonquin and Emera announce a Strategic Investment Agreement and the transfer of California Utility to Algonquin". Retrieved 2014-09-16. 
  14. ^ "Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Georgia". Retrieved 2015-02-14. 
  15. ^ a b c "Silverleaf Resorts sells utility assets in Missouri, Illinois". St. Louis Business Journal. 2005-03-16. Retrieved 2015-02-14. 
  16. ^ a b c Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Illinois, Iowa and Missouri
  17. ^ "Jefferson County water company sold - St. Louis Business Journal". Retrieved 2015-02-14. 
  18. ^ Liberty Utilities Completes Acquisition of National Grid’s Natural Gas and Electric Distribution Businesses in New Hampshire
  19. ^ "Algonquin Power to buy two utilities in New Hampshire". Platts. Retrieved 2015-02-14. 
  20. ^ "Laclede to flip New England Gas for a $14 million profit - St. Louis Business Journal". Retrieved 2015-02-14. 
  21. ^ Dezember, Ryan (2014-09-19). "Algonquin Power in Pact to Buy Carlyle's Park Water Despite Dispute". Wall Street Journal. ISSN 0099-9660. Retrieved 2015-02-14. 

External links[edit]