Algonquin Power & Utilities Corp. is a Canadian

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

and regulated utility conglomerate with assets across North America. Algonquin actively invests in

hydroelectric Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other renewable sources combined an ...

, wind and

solar power Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovolta ...

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 The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the ...

on December 23, 1997. Having raised nearly $75 M, Algonquin used $27.5 M to purchase 14 hydroelectric generation facilities located in

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

Québec Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirte ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

and

New Hampshire New Hampshire is a U.S. state, state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec t ...

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

Incorporation

In response to the

Government of Canada The government of Canada (french: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the ''Crown-i ...

's decision to end the preferential tax treatment of income trusts, Algonquin Power Income Fund was converted to a corporation in October 2009. 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. **acquired Gold Canyon Sewer Company in

Gold Canyon Gold Canyon is located a few miles south of Alleghany, California, on the border between Sierra and Nevada Counties. The middle fork of the Yuba River flows through the canyon. Gold mining began in Gold Canyon in the early 1850s and has continued ...

in 2001 **acquired Bella Vista Water in

Sierra Vista Sierra Vista is a city in Cochise County, Arizona, United States. According to the 2020 Census, the population of the city is 45,308, and is the 27th most populous city in Arizona. The city is part of the Sierra Vista-Douglas Metropolitan Area ...

in 2002. **acquired Litchfield Park Service Company in Avondale from Pinnacle West Capital in 2003 **acquired Rio Rico Utilities in Rio Rico in 2005 **acquired seven water companies in Whetstone and

Hereford Hereford () is a cathedral city, civil parish and the county town of Herefordshire, England. It lies on the River Wye, approximately east of the border with Wales, south-west of Worcester, England, Worcester and north-west of Gloucester. ...

from the John McLain bankruptcy estate in 2007. **acquired Entrada Del Oro Sewer Company, near

, in 2008. *Arkansas (water) **Acquired the Arkansas operations of United Water in 2012. **Acquired natural gas, water and electric distribution operations of

Empire District Electric Company The Empire District Electric Company (railcar reporting mark: EDEX) is an investor-owned utility providing electric, natural gas (through its wholly owned subsidiary The Empire District Gas Company), and water service with approximately 215,000 c ...

in 2017. *California (electricity, water) **Acquired NV Energy's California operations, serving the Lake Tahoe Basin, with

Emera Emera Incorporated is a publicly traded Canadian multinational energy holding company based in Halifax, Nova Scotia. Created in 1998 during the privatization of Nova Scotia Power, a provincial Crown corporation, Emera now invests in regulated ele ...

in 2009; bought out Emera's stake in 2011. **Acquired Park Water and Apple Valley Ranchos Water, serving Southern California, in 2016 from

The Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...

. **Acquired Mesa-Crest Water Co., serving

La Cañada Flintridge LA most frequently refers to Los Angeles, the second largest city in the United States. La, LA, or L.A. may also refer to: Arts and entertainment Music * La (musical note), or A, the sixth note * "L.A.", a song by Elliott Smith on ''Figur ...

, in 2019. *Georgia (gas) **Acquired the natural gas operation of

Atmos Energy Atmos Energy Corporation, headquartered in Dallas, Texas, is one of the United States' largest natural-gas-only distributors, serving about three million natural gas distribution customers in over 1,400 communities in nine states from the Blue Ri ...

Columbus Columbus is a Latinized version of the Italian surname "''Colombo''". It most commonly refers to: * Christopher Columbus (1451-1506), the Italian explorer * Columbus, Ohio, capital of the U.S. state of Ohio Columbus may also refer to: Places ...

and Gainesville in 2013 *Illinois (gas, water) **Acquired the water operations of

Silverleaf Resorts Silver leaf or Silverleaf may refer to: Animals * ''Bemisia tabaci'', the silverleaf whitefly * '' Trachypithecus cristatus'', the silvered leaf monkey Places Australia * Silverleaf, Queensland, a locality in South Burnett Region, Queensl ...

in 2005. **Acquired the natural gas operations of

in Illinois in 2012.Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Illinois, Iowa and Missouri
/ref> *Iowa (gas) **Acquired the natural gas operations of

in Iowa in 2012. *Kansas **Acquired natural gas, water and electric distribution operations of

in 2017. *Massachusetts (gas) **acquired New England Gas Company in

Fall River Fall River is a city in Bristol County, Massachusetts, Bristol County, Massachusetts, United States. The City of Fall River's population was 94,000 at the 2020 United States census, 2020 United States Census, making it the List of municipaliti ...

and

North Attleborough North Attleborough, alternatively spelled North Attleboro, is a town in Bristol County, Massachusetts, United States. The population was 30,834 at the 2020 United States Census. The villages of Attleboro Falls and North Attleborough Center ar ...

from Laclede Group in 2013. *Missouri (gas, water, electric) **Acquired the water operations of

in 2005. **Acquired Noel Water and KMB Utilities in 2011. **Acquired the natural gas operations of

in Missouri in 2012. **Acquired electric, natural gas and water operations of

in 2017. *New Hampshire (gas, electricity) **Acquired Granite State Electric and EnergyNorth Natural Gas from National Grid in 2012. *Oklahoma **Acquired electric, natural gas, and water operations of Empire District Electric Company in 2017. *Texas (water) **Acquired the water operations of

in 2005.

Kentucky Power acquisition

On October 26, 2021 Liberty Utilities agreed to acquire the Kentucky operations of

American Electric Power American Electric Power (AEP), (railcar reporting mark: AEPX) is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states. AEP ranks among the nation's largest g ...

in a transaction valued at $2.8 billion (US). The purchase is expected to close in the second quarter of 2022, pending regulatory approval.

References

External links

www.algonquinpower.com Website
* http://www.libertyutilities.com/ {{DEFAULTSORT:Algonquin Power and Utilities Electric power companies of Canada Companies based in Oakville, Ontario Energy companies established in 1997 Renewable resource companies established in 1997 Companies listed on the Toronto Stock Exchange Canadian companies established in 1997 1997 establishments in Ontario