Algonquin Power & Utilities

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Algonquin Power and Utilities Corp
TypePublic
TSXAQN
IndustryElectric generation
Transmission
water, Natural gas and electric utilities
Founded1988
FounderIan Robertson
Headquarters,
Area served
North America
Key people
Arun Banskota, CEO
RevenueU$1.6 B (2020)
Total assetsU$11.7 B (2020)
Number of employees
3,400 (2020)
SubsidiariesLiberty Utilities, Liberty Power
Websitewww.algonquinpower.com

Algonquin Power & Utilities Corp. is a Canadian renewable energy and regulated utility conglomerate with assets across North America. Algonquin actively invests in hydroelectric, wind and solar power facilities, and utility businesses (water, natural gas, electricity), through its two operating subsidiaries: Liberty Power 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 $75 M, Algonquin used $27.5 M to purchase 14 hydroelectric generation facilities located in Ontario, Québec, New York and New Hampshire.

Algonquin Power & Utilities Corp. was added to the TSX 60 Index on June 22, 2020.[2]

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.[3] 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:

References[edit]

  1. ^ Algonquin Power Annual Report, 1997
  2. ^ Bloomberg, B. N. N. (2020-06-13). "Bombardier booted from TSX Composite as stock languishes - BNN Bloomberg". BNN. Retrieved 2020-06-13.
  3. ^ Algonquin Power Annual Report, 2009
  4. ^ 1500038078.PDF (PDF), retrieved 2015-02-14
  5. ^ Martori, Art (2011-10-07). "Sewer, management of plant raise stink for some in Gold Canyon". East Valley Tribune. Retrieved 2015-02-14.
  6. ^ 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.
  7. ^ "ALGONQUIN POWER INCOME FUND ANNUAL INFORMATION FORM MARCH 31, 2006". Retrieved 2015-02-14.
  8. ^ "Algonquin Power Income Fund Acquires Rio Rico Utilities Inc". 2005-12-13.
  9. ^ Cole, Dana (2006-09-12). "Algonquin Water ready to take over McLain companies". The Sierra Vista Herald. Retrieved 2015-02-14.
  10. ^ Cole, Dana (2007-02-21). "Algonquin purchase of McLain water companies finalized". The Sierra Vista Herald. Retrieved 2015-02-14.
  11. ^ "Algonquin Power & Utilities Corp. Announces 2010 Fourth Quarter and Year End Financial Results" (PDF). Retrieved 2015-02-14.
  12. ^ "United Water Sells Arkansas Regulated Operations". Archived from the original on 2015-02-14. Retrieved 2015-02-14.
  13. ^ "UPDATE 2-Algonquin, Emera to jointly buy some NV Energy assets". Reuters. 2009-04-23. Retrieved 2014-09-16.
  14. ^ "Algonquin and Emera announce a Strategic Investment Agreement and the transfer of California Utility to Algonquin". Archived from the original on 2014-02-03. Retrieved 2014-09-16.
  15. ^ Liberty Utilities Completes Acquisition of Park Water Company
  16. ^ 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.
  17. ^ "Liberty Utilities Takes Over LCF's Mesa-Crest Water Co. | Outlook Newspapers". Retrieved 2019-06-24.
  18. ^ "Liberty Utilities Completes Acquisition of Atmos Energy's Natural Gas Distribution Businesses in Georgia". Retrieved 2015-02-14.
  19. ^ a b c "Silverleaf Resorts sells utility assets in Missouri, Illinois". St. Louis Business Journal. 2005-03-16. Retrieved 2015-02-14.
  20. ^ a b c Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Illinois, Iowa and Missouri
  21. ^ "Laclede to flip New England Gas for a $14 million profit - St. Louis Business Journal". Retrieved 2015-02-14.
  22. ^ "Jefferson County water company sold - St. Louis Business Journal". Retrieved 2015-02-14.
  23. ^ Liberty Utilities Completes Acquisition of National Grid’s Natural Gas and Electric Distribution Businesses in New Hampshire
  24. ^ "Algonquin Power to buy two utilities in New Hampshire". Platts. Retrieved 2015-02-14.

External links[edit]