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Algonquin Power & Utilities Corp. Completes Acquisition of Bermuda Electric Light Company Limited
Algonquin Power & Utilities Corp. Completes Acquisition of Bermuda Electric Light Com...
About this update from Algonquin Power & Utilities Corp.
[{"type":"text","content":"\n \n \n \n Algonquin Power & Utilities Corp. Completes Acquisition of Bermuda Electric Light Company Limited\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n Algonquin Power & Utilities Corp. Completes Acquisition of Bermuda Electric Light Company Limited\n \n \n Canada NewsWire\n \n \n OAKVILLE, ON, Nov. 9, 2020\n \n \n \n \n \n \n Continued growth with the acquisition of the 27\n \n th\n \n regulated utility since 2009\n \n \n \n \n \n Highlights:\n \n \n \n \n \n Benefits\n \n Bermuda\n \n economically and environmentally by capitalizing on APUC's core competencies of responsible utility ownership and renewable energy development\n \n \n \n \n \n \n Continues\n \n \n APUC's growth program through further expansion of its regulated utility business in a high-quality jurisdiction\n \n \n \n \n \n \n Immediately accretive to APUC's 2021 Adjusted Net Earnings per share\n \n \n \n \n \n \n Retains and develops existing experienced management and operations team to continue providing ~36,000 customer connections with safe, reliable and cost effective utility services\n \n \n \n \n \n OAKVILLE, ON\n \n ,\n \n Nov. 9, 2020\n \n /CNW/ - Algonquin Power & Utilities Corp. (\"APUC\" or the \"Company\") (TSX: AQN) (NYSE:AQN) today announced that it has successfully completed its acquisition of Ascendant Group Limited (\"Ascendant\") (BSX: AGL.BH) and its subsidiaries.  Ascendant, through its major subsidiary, Bermuda Electric Light Company Limited (\"BELCO\"), is the sole electric utility in\n \n Bermuda\n \n , providing safe and reliable regulated electrical generation, transmission and distribution services to approximately 36,000 customer connections.\n \n \n \"We are pleased to welcome the employees and customers of BELCO and the Ascendant Group of Companies to the Algonquin Liberty family,\" said\n \n Arun Banskota\n \n , President and Chief Executive Officer of APUC. \"We are committed to providing residents of\n \n Bermuda\n \n safe and reliable delivery of essential services, and also to leverage our commitmen...