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Algonquin Power & Utilities Corp. Hosts 2016 Investor Day - Outlines $9.7 Billion of Investment Opportunities in its Five Year Plan
Algonquin Power & Utilities Corp. Hosts 2016 Investor Day - Outlines $9.7 Billion of I...
About this update from Algonquin Power & Utilities Corp.
[{"type":"text","content":"\n\n\n\nAlgonquin Power & Utilities Corp. Hosts 2016 Investor Day - Outlines $9.7 Billion of Investment Opportunities in its Five Year Plan\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\n\n\n\n\n\nAlgonquin Power & Utilities Corp. Hosts 2016 Investor Day - Outlines $9.7 Billion of Investment Opportunities in its Five Year Plan\nCanada NewsWire\nOAKVILLE, ON, Nov. 29, 2016\n\n\n\nOAKVILLE, ON, Nov. 29, 2016 /CNW/ - Algonquin Power & Utilities Corp. (\"APUC\" or the \"Company\") (TSX: AQN, NYSE: AQN) today hosted its seventh annual Investor Day where Chief Executive Officer Ian Robertson, Vice Chair Chris Jarratt, Chief Financial Officer David Bronicheski, and other members of APUC's leadership team provided updates on the strategic direction, growth prospects and long term financing plans of APUC, including further details on integration progress related to its merger with The Empire District Electric Company (\"Empire\") and its updated long term growth program with identified investment opportunities of approximately ten billion dollars through 2021.\n\nCentral to the Company's strategic plan is $4.3 billion of forecasted investment in new renewable energy facilities, including additional wind energy capacity that will lead to reduced customer electricity costs as Empire transitions away from coal-fired generation, a goal which is consistent with the objectives of the State regulatory agencies to modernize Empire's generation mix and comply with state and federal environmental regulations. A further $2.0 billion in opportunities were outlined across APUC's generation, transmission, and distribution businesses.\n\n\"Algonquin Power & Utilities Corp. continues to demonstrate an ability to identify accretive investment opportunities which support our objective of growing earnings and cash flows,\" commented Ian Robertson, Chief Executive Officer of APUC. \"With the closing of Empire fast approaching, we are looking forward to leveraging APUC's renewable energy development skills to further green Empire's generation mix and deliver long term accretive growth for...