Algonquin Power & Utilities Corp., through its subsidiaries, engages in the independent power generation and utilities businesses. The company owns and operates a diversified portfolio of regulated and non-regulated generation, distribution and transmission utility assets. The company conducts its business primarily through two separate subsidiaries, including Algonquin Power Co. (APCo), which owns and operates a portfolio of non-regulated renewable and thermal electric generation utility assets; and Liberty Utilities Co. (Liberty Utilities), which owns and operates a portfolio of North American electric, natural gas and water distribution and wastewater collection utility systems. Independent Power Generation APCo generates and sells electrical energy produced by its portfolio of non-regulated renewable and clean energy power generation facilities located across North America. APCo delivers continuing growth through development of new greenfield power generation projects and accretive acquisitions of additional electrical energy generation facilities. APCo owns or has interests in hydroelectric generating facilities with a combined generating capacity of approximately 125 megawatt (MW). APCo also owns or has interests in wind powered generating facilities with a combined generating capacity of 650 MW. APCo owns or has interests in thermal energy generating facilities with approximately 350 MW of installed generating capacity. APCo also has a pipeline of development projects that between 2014 and 2016 would add approximately 323 MW of generation capacity from wind powered generating stations and approximately 30 MW from photovoltaic solar powered generation stations with an average contract life of 22 years. Utilities Liberty Utilities is a diversified rate regulated utility providing electricity, natural gas, water distribution and wastewater collection utility services to approximately 480,800 connections. Liberty Utilities reports the performance of its utility operations through three regions – West, Central, and East. The Liberty Utilities (West) region consists of regulated electrical and water distribution and wastewater collection utility systems and serves approximately 115,800 connections in the states of Arizona and California. The Liberty Utilities (Central) region consists of regulated natural gas and water distribution and wastewater collection utility systems and serves approximately 115,000 connections located in the states of Arkansas, Illinois, Iowa, Missouri, and Texas. The Liberty Utilities (East) region consists of regulated natural gas and electric distribution utility systems and serves approximately 250,000 connections located in the states of Georgia, Massachusetts, and New Hampshire. Principal Markets The principal markets of Liberty Utilities’ water and wastewater facilities are located in the United States of America and owns utilities operating in the states of Arizona, Texas, Missouri and Arkansas. The principal markets in which the company operates in Canada are Alberta, Ontario, New Brunswick and Quebec. Seasonality The hydroelectric operations of APCo are impacted by seasonal fluctuations. These assets are primarily run-of-river and as such fluctuate with natural water flows. During the winter and summer periods, flows are generally lower while during the spring and fall periods flows are generally higher. The ability of these assets to generate income may be impacted by changes in water availability or other material hydrologic events within a watercourse. Customers The company sells electricity to large utilities. Its customers include PJM Interconnection LLC; Manitoba Hydro-Electric Board; Hydro Quebec; and Connecticut Light and Power. Regulations The company is subject to the Public Utility Holding Company Act of 2005. History Algonquin Power & Utilities Corp. was founded in 1996.
algonquin power & utilities
(AQN:Toronto Stock Exchange)
354 Davis Road
Oakville, ON L6J 2X1
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