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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.P.A | T.AQN.P.D | AGQPF

Utilities Utilities - Diversified
Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.


TSX:AQN - Post by User

Algonquin Power & Utilities Corp > KPC Acquisition
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Comment by Capharnaumon Oct 26, 2021 10:01pm
259 Views
Post# 34053060

RE:KPC Acquisition

RE:KPC Acquisition
Dibah420 wrote: "Kentucky Power currently operates two regulated electricity generation facilities (the Mitchell coal generating facility in West Virginia and the Big Sandy natural gas generating facility in Kentucky)"


Iam scratching my head. Why in October 2021 would anyone buy a coal plant (+debt) which will be shut down pronto?


They are playing the regulated assets game. They bought the rate base at a 1.3x multiple (which is low relative to other transactions) and they'll invest in the rate base to convert the coal generating facility to "green" energy, increasing the rate base to generate better future cashflows.
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