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Algonquin Power & Utilities Corp T.AQN

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

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

Comment by AlwaysLong683on Mar 21, 2023 2:55am
227 Views
Post# 35350431

RE:RE:RE:RE:RE:Hey SargeX

RE:RE:RE:RE:RE:Hey SargeX1) It appears American Electric Power (owner of the Kentucky assets) really wants the deal to go through while AQN may not (shhhh......).

AEP indicated in its Feb 23, 2023 slide deck presentation that a new FERC application was filed by AQN and AEP on February 14, expedited approval was requested, and AEP expects to close the deal following FERC approval, so looks like the deal will close if FERC approves the revised application. If not, wonder how hard AEP will fight to keep the deal alive.....?


2) If the BOD was going to ask Banskota for his resignation, they would have done it months ago. I think Banskota stays until the current asset sale / restructuring plan is completed -  at that point, the BOD will evaluate the job Banskota has done in cleaning up the mess and proceed based on that analysis. In the meantime, I bet Banskota gets at least 80% plus shareholder support (perhaps even 90%+) at the upcoming Annual Meeting of Shareholders (sometime in late May / early June....?). If the largest shareholders wanted him to step aside, he would not still be CEO.



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