Algonquin Power & Utilities

Algonquin Power and Utilities Corp.

Company type	Public
Traded as	TSX:  AQN NYSE:  AQN
Industry	Electric generation Transmission water, Natural gas and electric utilities
Founded	1988;37 years ago (1988)
Founder	Ian Robertson, Chris Jarratt
Headquarters	Oakville, Ontario , Canada
Area served	North America
Key people	Rod West (CEO)
Revenue	US$2.320 billion [1]  (2024)
Operating income	US$446.1 million [1]  (2024)
Net income	US$−1.516 billion [1]  (2024)
Total assets	US$16.962 billion [1]  (2024)
Total equity	US$6.176 billion [1]  (2024)
Number of employees	3,786 [2]  (2025)
Subsidiaries	Liberty Utilities (Liberty), Suralis, Bermuda Electric Light Company
Website	algonquinpower.com

Algonquin Power & Utilities Corp. is a Canadian regulated utility company with assets across North America, Bermuda, and Chile. Algonquin provides water, wastewater, natural gas, and electricity services through its operating subsidiaries: Liberty Utilities, its regulated utility business; Bermuda Electric Light Company, and Suralis (formerly ESSAL) in Chile.

The company is listed under the ticker symbol "AQN" on the Toronto Stock Exchange and the American New York Stock Exchange.

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. ^[3] Having raised nearly $75 M, Algonquin used $27.5 M to purchase 14 hydroelectric generation facilities located in Ontario, Québec, New York and New Hampshire.

Algonquin Power & Utilities Corp. was added to the TSX 60 Index on June 22, 2020. ^[4]

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. ^[5] Unit-holders exchanged their trust units on a one-for-one basis for shares in the new corporate entity, Algonquin Power & Utilities.

Liberty Utilities

The Liberty Utilities logo as seen in 2025

Liberty Utilities — also known as Liberty — operates regulated water, wastewater, natural gas, and electric utilities, providing local utility management, service, and support to small and mid-sized communities across the United States. Liberty also provides natural gas to customers in New Brunswick, Canada. Other operating locations are:

• Arizona (water)
  • acquired Boulders Carefree Sewer Company in Carefree in 2001. ^[6]
  • acquired Gold Canyon Sewer Company in Gold Canyon in 2001 ^[7]
  • acquired Bella Vista Water in Sierra Vista in 2002. ^[8]
  • acquired Litchfield Park Service Company in Avondale from Pinnacle West Capital in 2003 ^[9]
  • acquired Rio Rico Utilities in Rio Rico in 2005 ^[10]
  • acquired seven water companies in Whetstone and Hereford from the John McLain bankruptcy estate in 2007. ^{[11] [12]}
  • acquired Entrada Del Oro Sewer Company, near Gold Canyon, in 2008. ^[13]
• Arkansas (water)
  • Acquired the Arkansas operations of United Water in 2012. ^[14]
  • Acquired natural gas, water and electric distribution operations of Empire District Electric Company in 2017.
• California (electricity, water)
  • Acquired NV Energy's California operations, serving the Lake Tahoe Basin, with Emera in 2009; bought out Emera's stake in 2011. ^{[15] [16]}
  • Acquired Park Water and Apple Valley Ranchos Water, serving Southern California, in 2016 from The Carlyle Group. ^{[17] [18]}
  • Acquired Mesa-Crest Water Co., serving La Cañada Flintridge, in 2019. ^[19]
• Georgia (gas)
  • Acquired the natural gas operation of Atmos Energy in Columbus and Gainesville in 2013 ^[20]
• Illinois (gas, water)
  • Acquired the water operations of Silverleaf Resorts in 2005. ^[21]
  • Acquired the natural gas operations of Atmos Energy in Illinois in 2012. ^[22]
• Iowa (gas)
  • Acquired the natural gas operations of Atmos Energy in Iowa in 2012. ^[22]
• Kansas
  • Acquired natural gas, water and electric distribution operations of Empire District Electric Company in 2017.
• Massachusetts (gas)
  • acquired New England Gas Company in Fall River and North Attleborough from Laclede Group in 2013. ^[23]
• Missouri (gas, water, electric)
  • Acquired the water operations of Silverleaf Resorts in 2005. ^[21]
  • Acquired Noel Water and KMB Utilities in 2011. ^[24]
  • Acquired the natural gas operations of Atmos Energy in Missouri in 2012. ^[22]
  • Acquired electric, natural gas and water operations of Empire District Electric Company in 2017.
• New Hampshire (gas, electricity)
  • Acquired Granite State Electric and EnergyNorth Natural Gas from National Grid in 2012. ^{[25] [26]}
• New York
  • Acquired New York American Water from American Water Works in 2022. ^[27]
  • Acquired St. Lawrence Gas from Enbridge in 2019. ^[28]
• Oklahoma
  • Acquired electric, natural gas, and water operations of Empire District Electric Company in 2017.
• Texas (water)
  • Acquired the water operations of Silverleaf Resorts in 2005. ^[21]

In January 2025, Algonquin completed the sale of its renewable assets to LS Power. ^[29]

References

1. "2024 Annual Report" (PDF). Retrieved June 18, 2025.
2. "2025 Annual Information Form" (PDF). Retrieved June 18, 2025.
3. Algonquin Power Annual Report, 1997
4. Bloomberg, B. N. N. (2020-06-13). "Bombardier booted from TSX Composite as stock languishes - BNN Bloomberg". BNN. Retrieved 2020-06-13.
5. Algonquin Power Annual Report, 2009
6. 1500038078.PDF (PDF), retrieved 2015-02-14
7. Martori, Art (2011-10-07). "Sewer, management of plant raise stink for some in Gold Canyon". East Valley Tribune. Retrieved 2015-02-14.
8. Saunders, Diane (2002-06-06). "Bella Vista Water Co. stock sold; no change in service to local customers". The Sierra Vista Herald. Retrieved 2015-02-14.
9. "ALGONQUIN POWER INCOME FUND ANNUAL INFORMATION FORM MARCH 31, 2006" . Retrieved 2015-02-14.
10. "Algonquin Power Income Fund Acquires Rio Rico Utilities Inc". 2005-12-13.
11. Cole, Dana (2006-09-12). "Algonquin Water ready to take over McLain companies". The Sierra Vista Herald. Retrieved 2015-02-14.
12. Cole, Dana (2007-02-21). "Algonquin purchase of McLain water companies finalized". The Sierra Vista Herald. Retrieved 2015-02-14.
13. "Algonquin Power & Utilities Corp. Announces 2010 Fourth Quarter and Year End Financial Results" (PDF). Retrieved 2015-02-14.
14. "United Water Sells Arkansas Regulated Operations". Archived from the original on 2015-02-14. Retrieved 2015-02-14.
15. "UPDATE 2-Algonquin, Emera to jointly buy some NV Energy assets". Reuters. 2009-04-23. Retrieved 2014-09-16.
16. "Algonquin and Emera announce a Strategic Investment Agreement and the transfer of California Utility to Algonquin". Archived from the original on 2014-02-03. Retrieved 2014-09-16.
17. Liberty Utilities Completes Acquisition of Park Water Company
18. Dezember, Ryan (2014-09-19). "Algonquin Power in Pact to Buy Carlyle's Park Water Despite Dispute". Wall Street Journal. ISSN   0099-9660 . Retrieved 2015-02-14.
19. "Liberty Utilities Takes Over LCF's Mesa-Crest Water Co. | Outlook Newspapers" . Retrieved 2019-06-24.
20. "Liberty Utilities Completes Acquisition of Atmos Energy's Natural Gas Distribution Businesses in Georgia" . Retrieved 2015-02-14.
21. "Silverleaf Resorts sells utility assets in Missouri, Illinois". St. Louis Business Journal. 2005-03-16. Retrieved 2015-02-14.
22. Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Illinois, Iowa and Missouri
23. "Laclede to flip New England Gas for a $14 million profit - St. Louis Business Journal" . Retrieved 2015-02-14.
24. "Jefferson County water company sold - St. Louis Business Journal" . Retrieved 2015-02-14.
25. Liberty Utilities Completes Acquisition of National Grid’s Natural Gas and Electric Distribution Businesses in New Hampshire
26. "Algonquin Power to buy two utilities in New Hampshire". Platts. Retrieved 2015-02-14.
27. "Algonquin Power & Utilities Corp. Completes Acquisition of New York American Water Company, Inc".
28. "Algonquin Power & Utilities Corp. Completes Acquisition of Enbridge St. Lawrence Gas".
29. "Algonquin Power & Utilities Corp. Completes Sale of Renewable Energy Business to LS Power". investors.algonquinpower.com. Retrieved 2025-06-18.

External links

• www.algonquinpower.com Website
• http://www.libertyutilities.com/