- Business
- Algonquin Power & Utilities Corp. Algonquin Power & Utilities Corp. is a diversified rate-regulated utility holding company that owns and operates electric, natural gas, water distribution, wastewater collection and transmission systems, serving over 1.2 million customer connections primarily in North America, including the United States, Canada, Bermuda and Chile. The company provides regulated electricity generation, transmission and distribution services in states such as Arkansas, California, Kansas, Missouri, Nevada, New Hampshire and Oklahoma as well as Bermuda with approximately 310,000 electric connections; water distribution and wastewater services in Arizona, Arkansas, California, Illinois, Missouri, New York, Texas and Chile serving around 577,000 connections; and natural gas distribution in Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, New York and New Brunswick, Canada, with about 378,000 connections, operating through its Liberty Utilities platform. It also retains a hydroelectric generation portfolio in Canada with 14 facilities offering combined gross capacity of approximately 115 megawatts across Alberta, Ontario, New Brunswick and Quebec. Founded in 1988 and headquartered in Oakville, Ontario, Canada, the company underwent a strategic transformation in recent years, including the sale of its non-hydro renewable energy business to LS Power for up to $2.5 billion in August 2024, which closed in early 2025 to strengthen its balance sheet and focus on pure-play regulated utilities; support for the divestiture of its Atlantica Sustainable Infrastructure stake to Energy Capital Partners in 2024; and the appointment of Sarah MacDonald as chief transformation officer to oversee utility operations and customer service enhancements.