Algonquin Power & Utilities Corp. Announces Further Investment in U.S. Wind Generation

Algonquin Power & Utilities Corp. Announces Further Investment in U.S. Wind 
OAKVILLE, ON, Nov. 28, 2013 /CNW/ - Algonquin Power & Utilities Corp. ("APUC") 
(TSX: AQN) today announced that a subsidiary of APUC's renewable power 
generation business Algonquin Power Co. ("APCo") has entered into an agreement 
to acquire the remaining 40% of the 400 MW wind power portfolio (the 
"Projects") in the United States from Gamesa Wind US, LLC ("Gamesa") for total 
consideration of approximately US$117 million. 
APUC currently holds a 60% controlling interest in the Projects which were 
originally acquired through a newly formed partnership whose original members 
included APCo, Gamesa and certain tax equity investors. The 400 MW wind 
portfolio consists of three facilities, Minonk (200MW), Senate (150MW), and 
Sandy Ridge (50MW) located in the states of Illinois, Texas, and Pennsylvania, 
APUC has been the majority owner and manager of the Projects since 2012 when 
commercial operation was achieved, therefore no additional ongoing management 
or administrative costs are expected to be incurred. Gamesa will continue to 
provide operations, warranty and maintenance services for the wind turbines 
and balance of plant facilities under 20 year contracts. 
Funding of the acquisition is expected to be consistent with APUC's targeted 
investment grade consolidated capital structure of approximately 50% equity, 
50% debt. The acquisition is expected to close early in 2014 following 
regulatory approvals. 
Substantially all of the energy from the Projects is sold under fixed price 
power sales contracts including long term hedge agreements with a remaining 
weighted average life of 11 years; ancillary services including capacity and 
renewable energy credits are contracted into the energy markets in which the 
facilities are located. 
"The U.S. power markets provide tremendous opportunities for further growth in 
our power generation portfolio as our investment in these wind farms has 
demonstrated", commented Chief Executive Officer Ian Robertson. "We have been 
pleased with the performance of these assets over the past year and the 
acquisition of the balance of these three wind generating facilities adds 
additional accretive, low risk earnings and cash flow to APUC". 
About Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp. owns and operates a diversified$3.2 
billionportfolio of regulated and non-regulated utilities inNorth America. 
The company's regulated utility business is committed to provide water, 
electricity and natural gas utility services to over 470,000 customers through 
a nationwide portfolio of regulated generation, transmission and distribution 
utility systems. The company's non-regulated electric generation subsidiary 
owns or has interests in renewable energy and thermal energy facilities 
representing more than 1,100 MW of installed capacity. Algonquin Power & 
Utilities Corp. delivers continuing growth through an expanding pipeline of 
renewable power and clean energy projects, organic growth within its regulated 
utilities and the pursuit of accretive acquisition opportunities. Common 
shares and preferred shares are traded on the Toronto Stock Exchange under the 
symbols AQN and AQN.PR.A respectively. Visit Algonquin Power and Utilities 
atwww.AlgonquinPowerandUtilities.comand follow us on 
Caution Regarding Forward-Looking Information
Certain statements included in this news release contain information that is 
forward-looking within the meaning of certain securities laws, including 
information and statements regarding prospective results of operations, 
financial position or cash flows. These statements are based on factors or 
assumptions that were applied in drawing a conclusion or making a forecast or 
projection, including assumptions based on historical trends, current 
conditions and expected future developments. Since forward-looking statements 
relate to future events and conditions, by their very nature they require 
making assumptions and involve inherent risks and uncertainties. APUC cautions 
that although it is believed that the assumptions are reasonable in the 
circumstances, these risks and uncertainties give rise to the possibility that 
actual results may differ materially from the expectations set out in the 
forward-looking statements. Material risk factors include those set out in the 
management's discussion and analysis section of APUC's most recent annual 
report, quarterly report, and APUC's Annual Information Form. Given these 
risks, undue reliance should not be placed on these forward-looking 
statements, which apply only as of their dates. Other than as specifically 
required by law, APUC undertakes no obligation to update any forward-looking 
statements or information to reflect new information, subsequent or otherwise.

SOURCE  Algonquin Power & Utilities Corp. 
Kelly Castledine Algonquin Power & Utilities Corp. 2845 Bristol Circle, 
Oakville, Ontario, L6H 7H7 Telephone: (905) 465-4500 
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CO: Algonquin Power & Utilities Corp.
ST: Ontario
-0- Nov/28/2013 13:50 GMT
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