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.
Video Algonquin Power & 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. Having raised nearly $75m, Algonquin used $27.5m to purchase 14 hydroelectric generation facilities located in Ontario, Québec, New York and New Hampshire.
Maps Algonquin Power & Utilities
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. 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 in 2001
- acquired Bella Vista Water in Sierra Vista 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 from the John McLain bankruptcy estate in 2007.
- acquired Entrada Del Oro Sewer Company in 2008.
- Arkansas (water)
- Acquired the Arkansas operations of United Water in 2012.
- California (electricity, water)
- Acquired NV Energy's California operations with Emera in 2009; bought out Emera in 2011.
- Acquired Park Water and Apple Valley Ranchos Water, serving Southern California, in 2016 from The Carlyle Group.
- Georgia (gas)
- Acquired the natural gas operation of Atmos Energy in Columbus and Gainesville in 2013
- Illinois (gas, water)
- Acquired the water operations of Silverleaf Resorts in 2005.
- Acquired the natural gas operations of Atmos Energy in Illinois in 2012.
- Iowa (gas)
- Acquired the natural gas operations of Atmos Energy in Iowa in 2012.
- Massachusetts (gas)
- acquired New England Gas Company in Fall River and North Attleborough from Laclede Group in 2013.
- Missouri (gas, water)
- Acquired the water operations of Silverleaf Resorts in 2005.
- Acquired Noel Water and KMB Utilities in 2011.
- Acquired the natural gas operations of Atmos Energy in Missouri in 2012.
- Montana (water)
- Acquired Mountain Water in 2016 from The Carlyle Group.
- New Hampshire (gas, electricity)
- Acquired Granite State Electric and EnergyNorth Natural Gas from National Grid in 2012.
- Texas (water)
- Acquired the water operations of Silverleaf Resorts in 2005.
In 2016, Liberty Utilities announced a deal to acquire Empire District Electric Company.
Renewable energy
Liberty utilities is involved in debates about rooftop solar in New Hampshire and wants to cap a solar policy called net metering. A recent Integrated Resource Plan (IRP) filing from Liberty indicates their desire to charge ratepayers for rooftop solar assets.
References
External links
- www.algonquinpower.com Website
- http://www.libertyutilities.com/
Source of the article : Wikipedia
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