OAKVILLE, ON, October 1, 2019 – Algonquin Power & Utilities Corp. ("APUC”)(TSX/NYSE:AQN) today announced that its subsidiary Liberty Utilities (Canada) LP (“Liberty Utilities”), APUC’s wholly-owned regulated utility business in Canada, successfully completed its acquisition of Enbridge Gas New Brunswick Limited Partnership along with its general partner (“New Brunswick Gas”), a subsidiary of Enbridge Inc. (TSX:ENB) (the “Transaction”). New Brunswick Gas is a regulated utility that provides natural gas to approximately 12,000 customers in 12 communities across New Brunswick, and operates approximately 1,200 km of natural gas distribution pipeline.
“We are pleased to mark a new milestone in the growth of our utility business with the acquisition of our first regulated utility in Canada,” said Ian Robertson, Chief Executive Officer of APUC. “New Brunswick Gas has tremendous potential for growth which will be supported by our $5 million Fuel for the Future fund to assist New Brunswickers with the transition to sustainable, clean natural gas for their homes and businesses.”
