| Type | Public |
|---|---|
| Traded as | TSX: AQN |
| Industry | Electric generation Water Utilities |
| Founded | 1997 |
| Headquarters | Oakville, Ontario, Canada |
| Key people | Ian E. Robertson , President Kenneth Moore, Chairman/Founder |
| Revenue | C$187.3m 2009 |
| Operating income | C$28.3m |
| Net income | C$31.3m |
| Total assets | C$1,013m |
| Website | www.algonquinpower.com |
Algonquin Power and Utilities Corp (TSX: AQN), owns power generation assets in Canada and the United States. The company also owns water distribution systems in the United States.
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The company operates 47 renewable energy plants (mostly hydro electric) with 242 megawatts installed capacity; 11 thermal generating facilities with 173 megawatts of installed capacity as well as supplying drinking water to 70,000 customers [1]
Facilities include:
Algonquin Power Income Fund was established in September 1997 and first listed its trust units on the Toronto Stock Exchange on December 23rd, 1997.[2] Having raised nearly $75m, Algonquin used $27.5m to purchase 14 hydroelectric generation facilities located in Ontario, Québec, New York and New Hampshire.
In response to the Government of Canada's decision to end the preferential tax treatment of income trusts, Algonquin Power Income Fund was converted to a corporation in October 2009.[3] Unit-holders exchanged their trust units on a one-for-one basis for shares in the new corporate entity, Algonquin Power & Utilities.