OAKVILLE, ON, April 8, 2020 – Today, Algonquin Power & Utilities Corp. (“Algonquin” or “the Company”) (TSX/NYSE:AQN), parent company of Liberty Utilities and Liberty Power, is announcing a US$500,000 donation to support communities within its service territories during the COVID-19 pandemic.
The funds will be disbursed to a variety of community organizations and local assistance agencies. The funding will also provide much-needed supplies and support services for our COVID-19 heroes working tirelessly on the frontlines. As part of this community response, Algonquin will be donating 20,000 facemasks to help ensure these local heroes receive the protection they need as they continue to provide critical assistance to many individuals in Canada and the United States.
“Protecting and supporting our communities is vitally important to us,” said Ian Robertson, CEO of Algonquin. “These funds will help provide essential support and services to the communities where we operate and live. Together with our more than 2,500 employees across the U.S. and Canada, we want to make a positive difference in our communities during this extremely challenging time.”
To lessen the financial hardship and stress that the COVID-19 pandemic may have on customers, the Company has committed to suspending service disconnections for customers until further notice, temporarily waiving late fees, and increasing the number of employees available to answer customer calls.
“We provide essential energy and water services to over 800,000 customers, and that’s a commitment we take incredibly seriously,” said Robertson. “People are counting on us more than ever right now. That’s why we’re doing all that we can to minimize stress and provide our customers with some peace of mind in knowing we are committed to providing safe, reliable energy and water, so they can concentrate on what matters most – keeping their loved ones safe and healthy.”
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", “intends”, “expects” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. 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. The Company 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. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.