Algonquin Power and Utilities Corp , owns power generation assets in Canada and the United States. The company also owns water distribution systems in the United States.

Assets

The company operates 47 renewable energy plants (mostly hydro electric) with 242 megawatts installed capacity; 11 thermal generating facilities with 173 megawatts of installed capacity as well as supplying drinking water to 70,000 customers

Facilities include:

• Dickson Dam
  Dickson Dam
  Dickson Dam is a flow regulation dam on the Red Deer River which creates Gleniffer Lake in Alberta. The dam is located 20km west of the town of Innisfail and 50km southwest of the city of Red Deer.-Generation:...
  
  
• Drayton Valley Power
  Drayton Valley Power
  Drayton Valley Power is a 12MW biomass electricity generating station near Drayton Valley, Alberta, about 120 km west of Edmonton. The facility is operated by Algonquin Power, and uses wood refuse from the nearby Weyerhaeuser sawmill....
  
  , a 12 MW biomass generating plant

Corporate History

Public Listing

Algonquin Power Income Fund was established in September 1997 and first listed its trust units on the Toronto Stock Exchange

Toronto Stock Exchange

Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...

on December 23rd, 1997. Having raised nearly $75m, Algonquin used $27.5m to purchase 14 hydroelectric generation facilities located in Ontario, Québec, New York and New Hampshire.

Conversion to Corporation

In response to the Government of Canada's decision to end the preferential tax treatment of income trusts, Algonquin Power Income Fund was converted to a corporation in October 2009. Unit-holders exchanged their trust units on a one-for-one basis for shares in the new corporate entity, Algonquin Power & Utilities.