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, sustainable utility businesses (water, electricity), and non-sustainable utility businesses (natural gas) through its two operating subsidiaries: Algonquin Power Company 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.

Incorporation[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:

In 2016, Liberty Utilities announced a deal to acquire Empire District Electric Company.[24]

Renewable energy[edit]

Liberty utilities is involved in debates about rooftop solar in New Hampshire and wants to cap a solar policy called net metering.[25] A recent Integrated Resource Plan (IRP) filing from Liberty indicates their desire to charge ratepayers for rooftop solar assets.[26]

References[edit]

  1. ^ Algonquin Power Annual Report, 1997
  2. ^ Algonquin Power Annual Report, 2009
  3. ^ 1500038078.PDF (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" (PDF). 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 Park Water Company
  15. ^ 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. 
  16. ^ "Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Georgia". Retrieved 2015-02-14. 
  17. ^ a b c "Silverleaf Resorts sells utility assets in Missouri, Illinois". St. Louis Business Journal. 2005-03-16. Retrieved 2015-02-14. 
  18. ^ a b c Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Illinois, Iowa and Missouri
  19. ^ "Laclede to flip New England Gas for a $14 million profit - St. Louis Business Journal". Retrieved 2015-02-14. 
  20. ^ "Jefferson County water company sold - St. Louis Business Journal". Retrieved 2015-02-14. 
  21. ^ Liberty Utilities Completes Acquisition of Park Water Company [Mountain Water]
  22. ^ Liberty Utilities Completes Acquisition of National Grid’s Natural Gas and Electric Distribution Businesses in New Hampshire
  23. ^ "Algonquin Power to buy two utilities in New Hampshire". Platts. Retrieved 2015-02-14. 
  24. ^ Empire District Electric agrees to be acquired by Canadian company for $2.4 billion
  25. ^ "Solar Industry On The Clock As Time Runs Out For Net Metering In New Hampshire". CleanTechnica. Retrieved 2016-02-02. 
  26. ^ "Liberty Utilities: Have You No Shame?". Tea Party Tribune. Retrieved 2016-02-02. 

External links[edit]