Algonquin Power & Utilities Corp.’s (APUC) wholly-owned regulated utility business Liberty Utilities has acquired Enbridge St. Lawrence Gas for an undisclosed price.
Enbridge St. Lawrence Gas is a regulated utility that provides natural gas to more than 16,000 customers in 23 communities across northern New York state, and operates approximately 688 miles of natural gas distribution pipeline, according to Algonquin.
With the buy, APUC will aim to provide increased access to natural gas in northern New York state service territories, in particular the expansion areas of St. Lawrence and Franklin counties.
Algonquin also plans to make access more readily available to residents and small businesses through a shareholder-funded carbon reduction initiative. The fund will be used to offset the customer cost to convert to natural gas from oil or propane, as well as for energy efficiency improvements.
The purchase follows Algonquin’s recent acquisition of
