Algonquin Power & Utilities Corp. reports developments for a diversified international generation, transmission and distribution utility operating through Liberty. The company’s updates center on regulated electric, natural gas, water distribution and wastewater systems, along with Canadian hydroelectric generation assets retained outside the sale of its renewable energy business.
Recurring news themes include quarterly and annual financial results, utility rate-case proceedings, regulated capital plans, cost and operating discipline, common and preferred share dividends, debt reduction, and executive leadership changes. Coverage also reflects the company’s strategic focus on electric, gas and water regulated utility operations across its principal North American markets.
Algonquin Power & Utilities Corp. (AQN) will release its Q2 2020 financial results on August 13, 2020, post market hours. A conference call will follow on August 14, 2020, at 10:00 a.m. ET, led by CEO Arun Banskota and CFO David Bronicheski. The call can be accessed via toll-free numbers in Canada and the U.S. APUC operates with approximately $11 billion in total assets, serving around 805,000 connections in North America. The company continues to expand its renewable energy portfolio, with over 2 GW of installed capacity.
Algonquin Power & Utilities Corp. (TSX: AQN) announced the retirement of CEO Ian Robertson and the appointment of Arun Banskota as the new CEO effective July 17, 2020. This transition, part of a multi-year initiative, aims to maintain the company's growth trajectory and deliver long-term shareholder value. Under Robertson, APUC grew to approximately U.S. $11 billion in assets and expanded its renewable energy capacity. Banskota, previously President and with extensive experience in the energy sector, will continue executing APUC's strategic growth plan in the evolving utility landscape.
Algonquin Power & Utilities Corp. (AQN) announced the successful closing of a bought deal public offering and a concurrent registered offering, raising a total of $983 million. The bought deal generated $633 million from the sale of 36,995,500 shares at $17.10 each, while a concurrent offering of 20,470,000 shares further contributed $350 million. Proceeds will be allocated towards renewable development projects and general corporate purposes. APUC's total assets amount to approximately $11 billion, fueling growth in utility services.