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 > Re Kentucky Power acquisition- RBC

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Comment by rad10on Apr 04, 2023 5:42am

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Post# 35377843

RE:Re Kentucky Power acquisition- RBC

I suspect the market will respond favourably to this deal failing. It's clear the CEO needs to move on. We have seen several examples of nonsense utilities deals - hydro one and avista on the other side of the continent in Washington state etc. This deal also makes no sense. CEO messed up, needs to fall on his sword. Board needs to bring in fresh leadership and clearer thinking.

Nobody "wins" - but long suffering shareholders recover some of their equity.

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