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

Algonquin Power & Utilities Corp. Announces Closing of Acquisition of Further 
Investment in U.S. Wind Generation 
OAKVILLE, ON, March 31, 2014 /CNW/ - Algonquin Power & Utilities Corp. 
("APUC") (TSX: AQN) today announced the closing of the acquisition of 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$115 million. 
Prior to today, APUC owned 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, respectively. 
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. 
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. 
"With little additional overhead costs anticipated, we expect investment in 
the full ownership of this portfolio of high quality wind assets to contribute 
accretive, low risk earnings and cash flow to APUC", commented Chief Executive 
Officer Ian Robertson. "We are very pleased to be the sole owner of these 
assets and we see tremendous opportunity to grow our portfolio by leveraging 
the expertise we have gained in the U.S. power markets in which these wind 
facilities operate".    
About Algonquin Power & Utilities Corp. 
Algonquin Power & Utilities Corp. owns and operates a diversified $3.5 billion 
portfolio of regulated and non-regulated utilities in North America. The 
regulated utility business provides water, electricity and natural gas utility 
services to over 470,000 customers through a portfolio of regulated 
generation, transmission and distribution utility systems. The 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, AQN.PR.A, and AQN.PR.D. Visit Algonquin 
Power and Utilities at and follow us on 
Twitter @AQN_Utilities. 
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, Website: 
To view this news release in HTML formatting, please use the following URL: 
CO: Algonquin Power & Utilities Corp.
ST: Canada
-0- Mar/31/2014 23:33 GMT
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