Algonquin Power & Utilities Corp. acquires Enbridge St. Lawrence Gas
by CMO Staff
Enbridge St. Lawrence Gas is a regulated utility that provides natural gas to over 16,000 customers in 23 communities across northern New York State
OAKVILLE, Ont. — Algonquin Power & Utilities Corp. (APUC), a provider of power generation, transmission and distribution, has announced that its subsidiary Liberty Utilities Co. successfully completed its acquisition of Enbridge St. Lawrence Gas from Enbridge Gas Inc., a subsidiary of Enbridge Inc.
Enbridge St. Lawrence Gas is a regulated utility that provides natural gas to over 16,000 customers in 23 communities across northern New York State, and operates approximately 688 miles of natural gas distribution pipeline.
“We are pleased to welcome the employees and customers of St. Lawrence Gas to the Liberty Utilities family,” said Ian Robertson, CEO of APUC, in a statement. “St. Lawrence Gas represents a new avenue for future investment as we look forward to serving the area with clean, affordable natural gas for their homes and businesses.”
APUC says it looks forward to providing increased access to natural gas in northern New York State service territories, in particular the expansion areas of St. Lawrence and Franklin Counties.
The firm also plans to make access more readily available to residents and small businesses through a shareholder-funded Carbon Reduction Initiative. APUC says the fund will be used to off-set the customer cost to convert to natural gas from oil or propane, as well as for energy efficiency improvements.
