Our History

1988 Early Days

Algonquin was founded in 1988 when four business partners saw an opportunity for a new business venture in the Independent Power Producer (IPP) industry.

The newly established company began development of a number of hydroelectric projects in Canada.

Constructed First Wind Generation Facility

In 2004, we expanded our reach into the wind power sector for the first time with the construction of a 100 MW wind farm located in St. Leon, Manitoba, Canada.

Purchased First Electric Utility

In 2009, we rebranded our water and wastewater utility systems as “Liberty Water” (later called Liberty Utilities), and rebranded our power generation assets “Algonquin Power Co.”

In 2010, we expanded into other regulated utilities with the acquisition of California Pacific Electric Company, our first electric distribution utility, located in Lake Tahoe, California. Soon after, we expanded into natural gas utilities in New Hampshire, Missouri, Iowa, Arkansas, Georgia, Massachusetts, and Illinois (2011-2012).

Acquired Empire District Electric Company

In January of 2017, Algonquin completed its acquisition of the Empire District Electric Company. This acquisition resulted in significant expansion of our regulated utility and generation footprints in the central United States and the addition of operations in two new states (Kansas and Oklahoma).

In the Spring of 2017, we announced our renewable generation business was rebranded as “Liberty Power”.

Continued Regulated Utility Expansion and Sustainability Focus

In January, through our renewable energy group, we issued C$300 million of senior unsecured debentures representing the company’s inaugural “green” financing.

In the fall, we acquired two new natural gas companies: New Brunswick Gas in Canada and St. Lawrence Gas in New York. Together, these acquisitions expanded the company’s natural gas distribution footprint and added over 28,000 customer connections.

 

Deepening Commitment to Sustainability with Net Zero Target and Completion of Midwest “Greening the Fleet”

Deepening Commitment to Sustainability with Net Zero Target and Completion of Midwest “Greening the Fleet”