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.

TSX:AQN - Post by User

Algonquin Power & Utilities Corp > AEP cuts Kentucky operations sale deal value by $200 mlns

<< Previous

Bullboard Posts

Next >>

Comment by TickerTwiton Sep 30, 2022 10:37am

188 Views

Post# 34997414

RE:AEP cuts Kentucky operations sale deal value by $200 mlns

Call me a pessimist, but ...

(1) The news release didn't mention anything about the issue(s) that paused the deal.

(2) I wonder if the reduction in purchase price has implications for rate-base asset value, i.e. dropping it below some threshold where AQN is no longer eligible for something (either a 'what' or a 'when').

.

Humanist wrote:

AEP cuts Kentucky operations sale deal value by $200 mln, extends timeline

Published by Yahoo! 2022 Sep 30, 09:39

Sept 30 (Reuters) - American Electric Power said on Friday it would sell its Kentucky operations at about 7% lower enterprise value of $2.65 billion to a unit of Algonquin Power & Utilities Corp compared with the original deal.