Brief: Algonquin Power & Utilities - Reached Agreement To Sell Ownership Interests In Portfolio Of Operating Wind Projects In U.S. & Canada

Algonquin Power & Utilities

03/10/2022 12:28

Oct 3 (Reuters) - Algonquin Power & Utilities Corp
 AQN.TO :
    * ALGONQUIN POWER & UTILITIES - AGREEMENT TO SELL OWNERSHIP
INTERESTS IN PORTFOLIO OF OPERATING WIND PROJECTS IN U.S. &
CANADA TO INFRARED CAPITAL PARTNERS
    * ALGONQUIN POWER & UTILITIES CORP - WILL CONTINUE TO
OVERSEE
DAY-TO-DAY OPERATIONS AND PROVIDE MANAGEMENT SERVICES TO
FACILITIES
    * ALGONQUIN POWER & UTILITIES - TOTAL CASH PROCEEDS FROM
THIS
ASSET RECYCLING TRANSACTION ARE EXPECTED TO BE ABOUT US$277
MILLION FOR U.S. FACILITIES
    * ALGONQUIN POWER & UTILITIES - TOTAL CASH PROCEEDS FROM
ASSET
RECYCLING TRANSACTION ARE EXPECTED TO BE ABOUT C$107 MILLION FOR
BLUE HILL WIND FACILITY
    * ALGONQUIN POWER & UTILITIES - DUE TO TRANSACTION &
PROJECTED
CLOSE BY END OF 2022, CO DOES NOT INTEND TO ISSUE ANY EQUITY
THROUGH REMAINDER OF 2022
    * ALGONQUIN POWER & UTILITIES CORP - CEASED ISSUANCES UNDER
ITS
AT-THE-MARKET- EQUITY PROGRAM
    * ALGONQUIN POWER & UTILITIES CORP - PLANS TO EVALUATE
FURTHER
ASSET SALES AS A CORE PART OF ITS CAPITAL PLAN FOR 2023 AND
BEYOND

Source text for Eikon:  ID:nPn5b33kpa 
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