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

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Post by Possibleidiot01on Mar 02, 2023 2:37pm

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Post# 35315725

Paul Harris - BNN - WATCH

WATCH

Cut dividend to a yield of 6%, and he wishes they'd cut more. Stopped the DRIP, which will help finances. Selling $1B of assets. All these things will keep credit rating where it is, which is very important for a utility. Two important questions. What assets are they selling and how much do they get? Secondly on Kentucky Power, April 26 is when they can walk away and pay a small breakup fee of $65M. Acquisition was overwhelming, would force them to take on more debt, and really hurt the stock. Thinks the market would prefer them not to do the deal.

electrical utilities

$10.320