Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s): AQN | T.AQN.PR.A | T.AQN.PR.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.

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Algonquin Power & Utilities Corp > Shorters going to get burned

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Comment by TickerTwiton Oct 05, 2021 7:30pm

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Post# 33971561

RE:RE:RE:RE:RE:Shorters going to get burned

Don't bother, it's just rumour currently. I found this article,

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/algonquin-power-open-to-utility-m-a-as-part-of-green-fleet-strategy-66063361

which has some brief info on Kentucky Power:

Kentucky Power is a generation, transmission and distribution utility serving about 166,000 customers. The company owns and operates the 260-MW Big Sandy natural gas plant in Lawrence County, Ky., and a 50% interest in the 1,560-MW Mitchell coal-fired plant in Marshall County, W.Va.

So it has all three parts of the power business (this is important), and the coal plant is less than half of the asset base. However, as you hinted at. I sure would like to see the arithmetic on how $2.8B of assets spread over 170K customers becomes earnings-accretive.

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TickerTwit wrote: I looked through the AQN news list for this and could not find anything. Could you point me to company-issued information on this purchase?

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rfguysd wrote:
Lets look at bit closer at the possible purchase of AEP’s Kentucky’s power Utility.