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 three operating subsidiaries: Bermuda Electric Light Company, Liberty Power and Liberty Utilities.
Public listing
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
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
Liberty Utilities operates in the following locations:
Arizona (water)
acquired Boulders Carefree Sewer Company in Carefree in 2001.[4]
acquired Gold Canyon Sewer Company in Gold Canyon in 2001[5]
On October 26, 2021 Liberty Utilities agreed to acquire the Kentucky operations of American Electric Power in a transaction valued at $2.8 billion (US). The purchase is expected to close in the second quarter of 2022, pending regulatory approval.[27]
On April 17, 2023, the sale was terminated. The sale drew criticism from the Kentucky Attorney General and Kentucky lawmakers. In May 2022, Kentucky's Public Service Commission approved the sale, but only with modifications made to the sale. In December 2022, the U.S. Federal Energy Regulatory Commission refused approval, stating "the sales' parties did not provide enough evidence to show the deal wouldn't have an adverse effect on rate payers." Although AEP and Liberty Utilities reapplied in February 2023, On April 17th they announced the termination of the sale.[28]
Algonquin Algonquin people Algonquin language Algonquin College Algonquin Regiment (Northern Pioneers) Algonquin Hotel The Algonquin Resort Algonquin, Illinois Algonquin Power & Utilities Algonquin Round Table Algonquin Provincial Park USAHS Algonquin USRC Algonquin Lake Algonquin Algonquin Highlands HMCS Algonquin (R17) Algonquins of Pikwàkanagàn First Nation USS Algonquin (tug) Algonquin Club HMCS Algonquin (DDG 283) Algonquin, Maryland List of Algonquin ethnonyms Algonquin Area Public Library District Algonquin to Adirondacks Collaborative Algonquin-class patrol boat Algonquin Gas Transmi…
ssion Pipeline Algonquin-class cutter Algonquin Regional High School French ship Algonquin (1753) South Algonquin Algonquin Commons At the Algonquin Algonquin (film) Algonquin, Louisville Algonquin (album) Tipula algonquin Algonquin College - Kuwait Ardoch Algonquin First Nation Galleria Center USS Algonquin Algonquin Peak The Ten-Year Lunch Esplanade (Algonquin) Tales of the Algonquin 159th Battalion (1st Algonquins), CEF Algonquin Golf Club Rock Lake (Algonquin Park) Algonquin Apartments Workman Publishing Company Algonquin State Forest Algonquin Radio Observatory Algonquin and Lakeshore Catholic District School Board Lake Algonquin (New York) HMCS Algonquin Algonquin Printing Co. Weskarini Algonquin First Nation Algonquin Township, McHenry County, Illinois Algonquin Nation Programs and Services Secretariat Algonquins of Barriere Lake Algonquin 46m radio telescope Owaissa Lake (Algonquin Provincial Park) USS Algonquin (1863) Highland Inn Baseline station Eastern wolf Cross Lake (South Algonquin) Averill Park Central School District Toronto Islands Dorothy Parker Augusta, Ontario Anishinaabe traditional beliefs Group of Seven (artists) Renfrew—Nipissing—Pembroke (federal elect