OAKVILLE, ON, Dec. 11, 2019 /CNW/ - Algonquin Power
& Utilities Corp. ("APUC" or "the Company") (TSX/NYSE: AQN)
today announced the appointment of Chris
Huskilson to the Company's Board of Directors, effective
January 1, 2020. With this
appointment, the size of the Board of Directors will increase from
nine to ten members.
"We are delighted to welcome Chris
Huskilson back to APUC's Board of Directors given the many
positive contributions he made during his first term on the Board
from 2009-2016," said Ken Moore,
Chairman of APUC. "The breadth of knowledge and experience in the
power and utilities sector, as well as proven leadership at the
head of a growing and successful public power and utility company,
make Chris a great addition to our Board."
Mr. Huskilson was formerly CEO of Emera Inc., a geographically
diverse energy and service company based in Halifax, Nova Scotia that grew from
C$3 billion in assets to C$30 billion during his term as CEO.
He has also served as a member on the boards of a number of
public and private companies in Canada and internationally, including
community based not-for-profit organizations.
Since leaving Emera in 2018, Mr. Huskilson has been very
involved in supporting the start-up ecosystem emerging in
Atlantic Canada. He is a founding
partner and active mentor in Creative Destruction Lab (CDL -
Atlantic) which is an objectives-based program for massively
scalable, seed-stage science- and technology-based companies. He is
also a founding member of Canada's
Ocean Supercluster and has invested in a number of innovation based
start-up companies.
Mr. Huskilson will serve as a Director for a term expiring at
the Company's 2020 annual meeting of shareholders when he will
stand for election by shareholders.
About Algonquin Power & Utilities Corp.
APUC is a diversified international generation, transmission and
distribution utility with approximately US$11 billion of total assets. Through its two
business groups, APUC is committed to providing safe, reliable and
cost effective rate-regulated natural gas, water, and electricity
generation, transmission and distribution utility services to
approximately 801,000 connections in the
United States and Canada,
and is a global leader in renewable energy through its portfolio of
long-term contracted wind, solar and hydroelectric generating
facilities representing over 2.5 GW of net installed capacity and
more than 500 MW of incremental renewable energy capacity under
construction.
APUC delivers continuing growth through an expanding global
pipeline of renewable energy, electric transmission, and water
infrastructure development projects, organic growth within its
rate‐regulated generation, distribution and transmission
businesses, and the pursuit of accretive acquisitions. APUC's
common shares, Series A preferred shares, and Series D preferred
shares are listed on the Toronto Stock Exchange under the symbols
AQN, AQN.PR.A, and AQN.PR.D. APUC's common shares, Series 2018‐A
subordinated notes and Series 2019‐A subordinated notes are
listed on the New York Stock Exchange under the symbols AQN, AQNA
and AQNB. Visit APUC at
www.algonquinpowerandutilities.com and follow us on Twitter
@AQN_Utilities.
Caution Regarding Forward-Looking Information
Certain statements included in this news release constitute
"forward-looking information" within the meaning of applicable
securities laws in each of the provinces of Canada and the respective policies,
regulations and rules under such laws and "forward-looking
statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking
statements"). The words "will", "expects", "intends" and similar
expressions are often intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. Specific forward-looking statements
contained in this news release include, but are not limited to
statements regarding the 2020 annual meeting of shareholders of the
Company. These statements are based on factors or assumptions that
were applied in drawing a conclusion or making a forecast or
projection, including assumptions based on historical trends,
current conditions and expected future developments. Since
forward-looking statements relate to future events and conditions,
by their very nature they require making assumptions and involve
inherent risks and uncertainties. APUC cautions that although it is
believed that the assumptions are reasonable in the circumstances,
these risks and uncertainties give rise to the possibility that
actual results may differ materially from the expectations set out
in the forward-looking statements. Material risk factors include
those set out in APUC's most recent annual and interim management's
discussion and analysis, most recent annual information form and
base shelf prospectus and prospectus supplement relating to the
Offering. Given these risks, undue reliance should not be placed on
these forward-looking statements, which apply only as of their
dates. Other than as specifically required by law, APUC undertakes
no obligation to update any forward-looking statements to reflect
new information, subsequent or otherwise.
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SOURCE Algonquin Power & Utilities Corp.