Latest news with #AlgonquinPower
National Post
6 hours ago
- Business
- National Post
Algonquin Power & Utilities Corp. Names Noel Black Chief Regulatory and External Affairs Officer
Article content OAKVILLE, Ontario — Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ('AQN', 'Algonquin' or the 'Company') today announced the appointment of Noel Black as Chief Regulatory and External Affairs Officer, effective June 30. In this newly created role, Mr. Black will lead the Company's regulatory strategy, government and stakeholder relations, and external communications functions. Reporting directly to the Chief Executive Officer, he will drive enterprise strategy and alignment, working closely with regulatory commissions, policymakers, community leaders, and other external stakeholders, to advance Algonquin's pure-play utility objectives. Article content 'Noel brings a rare combination of regulatory fluency, public affairs acumen, and deep stakeholder engagement experience,' said Rod West, Chief Executive Officer of AQN. 'This appointment reflects our commitment to align our stakeholders around Algonquin's customer-first pure-play utility value proposition. Noel has built a distinguished career leading regulatory strategy, customer engagement, and utilities operations, and his expertise will help us better align our services with the needs of our customers, communities, and regulators. Noel's collaborative approach and proven track record of delivering constructive regulatory outcomes will be instrumental as we advance our 'Back to Basics' customer-centric plan—seeking to deliver safe, reliable, and affordable energy and water, while creating customer value and driving performance, innovation, and trust across our four key stakeholder groups.' Article content Mr. Black's experience spans over three decades at Southern Company (NYSE:SO), one of the largest U.S. utilities serving over nine million customers, where he most recently served as Senior Vice President of Federal Regulatory Affairs. Throughout his career at Southern Company and its affiliates, Mr. Black served in a wide range of leadership roles across regulatory policy, governmental affairs, and strategic planning, successfully navigating complex regulatory matters at the federal and state levels, driving forward-looking retail strategies, and building trusted relationships with policymakers, communities, and customers. His deep expertise will directly support the work of AQN's operating utilities. Article content About Algonquin Power & Utilities Corp. and Liberty Article content Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Article content Visit AQN at and follow us on @AQN_Utilities. Article content Caution Regarding Forward-Looking Information Article content Certain statements included in this news release constitute ''forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ''forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ''forward-looking statements'). The words 'will', 'expects', 'plans', and 'seeks' (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding the expected impact and outcomes of Noel Black's hiring as Chief Regulatory and External Affairs Officer and the Company's 'Back to Basics' customer-centric plan. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein are provided for the purposes of assisting in understanding the Company and its business, operations, risks, financial performance, financial position and/or cash flows as at and for the periods indicated and to present information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's annual information form and annual management discussion & analysis, each for the year ended December 31, 2024, and management discussion & analysis for the three months ended March 31, 2025, each of which is or will be available on SEDAR+ and EDGAR. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. Article content Article content Article content Article content Article content Contacts Article content Investor Inquiries: Article content Article content Alison Holditch Article content Manager, Investor Relations Article content Algonquin Power & Utilities Corp. Article content Article content E-mail: Article content InvestorRelations@ Article content Article content Telephone: (905) 465-4500 Article content Media Inquiries: Article content Article content Stephanie Bose Article content Article content Senior Director, Corporate Communications Article content Article content Algonquin Power & Utilities Corp. Article content Article content E-mail: Article content Article content Article content
Yahoo
3 days ago
- Business
- Yahoo
Why Algonquin Power & Utilities Corp. (AQN) Crashed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Algonquin Power & Utilities Corp. (NYSE:AQN) stands against other worst-performing stocks on Wednesday. Algonquin Power dropped its share prices by 4.82 percent on Wednesday to close at $5.92 apiece following an investment firm's downgrade of its stock. On Wednesday, National Bank downgraded Algonquin Power & Utilities Corp. (NYSE:AQN) to 'sector perform' from 'outperform' previously, but maintained its price target at $6.75. According to National Bank, its decision was based on the company's three-year earnings per share reset, which aligns with consensus estimates for 2025 and 2026, and ahead for 2027, but lags behind its previous forecasts due to capital expenditures, Hypothetical Liquidation at Book Value (HLBV), and rate case awards. An engineer in a control room monitoring a massive system, demonstrating the capabilities of rate-regulated utilities. According to Algonquin Power & Utilities Corp. (NYSE:AQN), it budgeted $2.5 billion into regulated assets over the next three years, while increasing its rate base to $9.1 billion by 2027. No equity issuance is expected during the said periods. 'Algonquin possesses the foundational elements of a premier pure-play utility, and the opportunity to create meaningful value is what drew me to the Company,' said Algonquin Power & Utilities Corp. (NYSE:AQN) CEO Rod West. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Why Algonquin Power & Utilities Corp. (AQN) Skyrocketed On Tuesday
We recently published a list of . In this article, we are going to take a look at where Algonquin Power & Utilities Corp. (NYSE:AQN) stands against other Tuesday's best performers. Algonquin Power surged by 15.83 percent on Tuesday to close at $6.22 apiece following an upbeat business outlook for the next two years. As part of its 'Back to Basics' customer-centric capital plan, Algonquin Power & Utilities Corp. (NYSE:AQN) issued its outlook guidance for the rest of the year through 2027, with adjusted net earnings per share of $0.30-$0.32 for 2025; $0.35 – $0.37 for 2026; and $0.42 – $0.46 for 2027. An engineer in a control room monitoring a massive system, demonstrating the capabilities of rate-regulated utilities. The company also said that it would focus on organic capital investment, allocating a budget of $2.5 billion over the next two years. No equity issuance is expected during the said periods. 'Algonquin possesses the foundational elements of a premier pure-play utility, and the opportunity to create meaningful value is what drew me to the Company,' said Algonquin Power & Utilities Corp. (NYSE:AQN) CEO Rod West. 'While I am pleased with the progress underway, I am resolute in sharpening the company's ability to excel at the basics. The plan for the future is shaped around intertwining operational excellence and stakeholder engagement in the DNA of the company to achieve better outcomes for all stakeholders,' he added. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
National Post
6 days ago
- Business
- National Post
Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors
Article content OAKVILLE, Ontario — Algonquin Power & Utilities Corp. ('AQN' or the 'Company') (TSX/NYSE: AQN) today held an annual meeting of common shareholders. At the meeting, each of the following 11 nominees listed in the Company's management information circular dated April 24, 2025 were elected as directors of AQN pursuant to a vote by ballot: Article content Nominee Votes For % For Votes Against % Against Brett Carter 445,237,184 96.47 16,311,561 3.53 Amee Chande 459,368,238 99.53 2,181,565 0.47 Daniel Goldberg 426,493,805 92.40 35,054,939 7.60 Christopher Huskilson 459,454,425 99.55 2,094,321 0.45 D. Randall Laney 457,935,246 99.22 3,613,500 0.78 David Levenson 452,740,056 98.09 8,808,689 1.91 Christopher Lopez 459,366,229 99.53 2,182,520 0.47 Gavin Molinelli 458,963,565 99.44 2,585,180 0.56 Dilek Samil 458,920,264 99.43 2,629,539 0.57 DeAnn Walker 459,292,463 99.51 2,257,338 0.49 Roderick West 459,375,880 99.53 2,172,866 0.47 Article content Article content Shareholders also voted in favour of the re-appointment of Ernst & Young LLP as the Company's auditor for the ensuing year, a resolution approving the continuation, amendment and restatement of the Company's Shareholder Rights Plan, and an advisory resolution approving the Company's approach to executive compensation. Article content Final voting results on all matters voted on at the annual meeting of shareholders will be filed with Canadian and U.S. securities regulatory authorities at and Article content About Algonquin Power & Utilities Corp. and Liberty Article content Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Article content Article content Article content Article content Article content Contacts Article content Investor Inquiries: Article content Alison Holditch Manager, Investor Relations Algonquin Power & Utilities Corp. E-mail: InvestorRelations@ Telephone: (905) 465-4500 Article content Media Inquiries: Article content Article content
Associated Press
7 days ago
- Business
- Associated Press
Algonquin Power & Utilities Corp. Announces Financial Outlook for 2025 through 2027
OAKVILLE, Ontario--(BUSINESS WIRE)--Jun 3, 2025-- Algonquin Power & Utilities Corp. ('AQN', 'Algonquin' or the 'Company') (TSX: AQN) (NYSE: AQN) today announced its 'Back to Basics' utility customer-centric capital plan focused on improving customer experience, driving operational efficiencies, and achieving constructive regulatory outcomes. As part of that plan, the Company released its financial outlook for 2025 through 2027. Algonquin will evaluate key decisions in the context of its commitments to its four key stakeholders: 'Algonquin possesses the foundational elements of a premier pure-play utility, and the opportunity to create meaningful value is what drew me to the Company,' said Rod West, Chief Executive Officer of AQN. 'While I am pleased with the progress underway, I am resolute in sharpening the Company's ability to excel at the basics. The plan for the future is shaped around intertwining operational excellence and stakeholder engagement in the DNA of the Company to achieve better outcomes for all stakeholders. With a renewed stakeholder-centric focus we have a promising path forward, and I am confident in our ability to provide superior service for all customers, achieve constructive regulatory outcomes and deliver attractive financial results for our shareholders.' Highlights from the Company's forward-looking outlook include: 1 Investor Update Call AQN will hold an investor update today at 1:30 p.m. eastern time, hosted by Chief Executive Officer, Rod West, and Interim Chief Financial Officer and Vice President, Investor Relations, Brian Chin. About Algonquin Power & Utilities Corp. and Liberty Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Visit AQN at and follow us on @AQN_Utilities. Caution Regarding Forward-Looking Information Certain statements included in this news release constitute ''forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ''forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ''forward-looking statements'). The words 'will', 'expects', 'plans', 'estimated', 'outlook' and 'seeks' (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding: the Company's future plans and the expected outcomes thereof; the Company's approach to future decision-making; expectations regarding improved customer experiences, operational efficiencies and constructive regulatory outcomes; investor returns; and the Company's forward-looking outlook, including expectations regarding Earned ROE, operating expenses as a percentage of revenue, Adjusted Net Earnings per share, capital expenditures, equity issuances and credit ratings (collectively, the 'Outlook'). These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein are provided for the purposes of assisting in understanding the Company and its business, operations, risks, financial performance, financial position and cash flows as at and for the periods indicated and to present information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's annual information form and annual management discussion & analysis, each for the year ended December 31, 2024, and management discussion & analysis for the three months ended March 31, 2025 (the 'Interim MD&A'), each of which is or will be available on SEDAR+ and EDGAR. The Outlook is also based on the following additional assumptions: Given these assumptions and risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. Non-GAAP Measures AQN uses a number of financial measures to assess the performance of its business lines. Some measures are calculated in accordance with generally accepted accounting principles in the United States ('U.S. GAAP'), while other measures do not have a standardized meaning under U.S. GAAP. These non-GAAP measures include non-GAAP financial measures and non-GAAP ratios, each as defined in Canadian National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure. AQN's method of calculating these measures may differ from methods used by other companies and therefore may not be comparable to similar measures presented by other companies. The term 'Adjusted Net Earnings' which is used in this news release, is a non-GAAP financial measure. An explanation of 'Adjusted Net Earnings' can be found in the section titled 'Caution Concerning Non-GAAP Measures' in the Interim MD&A, which section is incorporated by reference into this news release. AQN's Interim MD&A is available on SEDAR+ at and EDGAR at In addition, 'Adjusted Net Earnings' is presented in this news release on a per common share basis. Adjusted Net Earnings per common share is a non-GAAP ratio and is calculated by dividing Adjusted Net Earnings by the weighted average number of common shares outstanding during the applicable period. The Company does not provide reconciliations for forward-looking non-GAAP financial measures as the Company is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various events that have not yet occurred, are out of our control and/or cannot be reasonably predicted, and that would impact the most directly comparable forward-looking U.S. GAAP financial measure. For these same reasons, we are unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures. Other The term 'Earned return on equity' (or 'Earned ROE') is used in this news release. Earned ROE is a measure specific to rate-regulated utilities that is not intended to represent any financial measure as defined by U.S. GAAP. It represents earnings at the Company's rate-regulated utilities as a percentage of the product of their average rate base for the period and the equity component of their authorized capital structure. The calculation of this measure as presented may not be comparable to similarly-titled measures used by other companies. 1 See 'Caution Regarding Forward-Looking Information' below. 2 Calculated at midpoint of estimated 2027 Earned ROE range. View source version on CONTACT: Investor Inquiries: Alison Holditch Manager, Investor Relations Algonquin Power & Utilities Corp. E-mail:[email protected] Telephone: (905) 465-4500 Media Inquiries: Stephanie Bose Senior Director, Corporate Communications Algonquin Power & Utilities Corp. E-mail:[email protected] Telephone: (905) 465-4500 KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: ENERGY OTHER ENERGY UTILITIES OIL/GAS SOURCE: Algonquin Power & Utilities Corp. Copyright Business Wire 2025. PUB: 06/03/2025 06:30 AM/DISC: 06/03/2025 06:31 AM
