Algonquin Power & Utilities Corp. Acquires The Empire District Electric Company
January 6, 2017
Liberty Utilities Co., a U.S. subsidiary of Oakville, Ontario based Algonquin Power & Utilities Corp., has completed its acquisition of The Empire District Electric Company for an aggregate purchase price of CDN$3.2 billion.
Algonquin Power & Utilities Corp. is a growing renewable energy and regulated utility company with assets across North America.
The corporation acquires and operates green and clean energy assets including hydroelectric, wind, thermal, and solar power facilities, as well as sustainable utility distribution businesses (water, electricity and natural gas) through its two operating subsidiaries: Algonquin Power Company and Liberty Utilities.
Algonquin Power Company owns a direct or indirect equity interest in more than 33 clean energy facilities including:
- wind
- solar
- hydroelectric
- thermal
Liberty Utilities provides water, electricity, and gas utility services to 560,000 customers in 11 states.
With the closing of this transaction, Algonquin has materially expanded its utility operations in the United States. It now serves 782,000 electric, gas, and water customers within its regulated utility business, and its portfolio of power generating facilities now contains both regulated and non-regulated power facilities with a total capacity of over 2,500 MW.
Learn more about Algonquin Power Company at www.algonquinpowercompany.com.
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