Mission Statement, Vision, & Core Values of Algonquin Power & Utilities Corp. (AQN)

Ever wondered what drives a utility company committed to providing essential services to over one million customer connections? Algonquin Power & Utilities Corp. (AQN), with approximately $18 billion in total assets, aims to deliver safe, secure, reliable, cost-effective, and sustainable energy and water solutions. But how exactly does AQN plan to achieve this while navigating a strategic transition to a more regulated business, as highlighted by CEO Chris Huskilson in November 2024?

What are the core principles guiding their operations and investments in North America? Is it simply about profit, or is there a deeper commitment to the communities they serve? Understanding their mission, vision, and core values offers valuable insights into the strategic direction of AQN and its dedication to long-term sustainability and customer satisfaction.

Algonquin Power & Utilities Corp. (AQN) An Overview of

Algonquin Power & Utilities Corp. (AQN) is a diversified generation, transmission, and distribution utility with approximately $18 billion in total assets. The company delivers electricity, natural gas, and water to more than 1 million customers in North America. AQN operates through two business groups: the Regulated Services Group and the Renewable Energy Group. The Regulated Services Group provides rate-regulated electricity, natural gas, and water distribution services to residential, commercial, and industrial customers. The Renewable Energy Group owns and operates a portfolio of renewable energy facilities, including hydroelectric, wind, solar, and thermal power generation facilities.

In the fiscal year 2024, Algonquin Power & Utilities Corp. experienced significant developments. According to the 2024 annual report, the company's revenue was $3.9 billion. The Regulated Services Group contributed approximately $2.5 billion, driven by rate increases and customer growth. The Renewable Energy Group generated about $1.4 billion, benefiting from new projects and favorable weather conditions. The company's strategic focus on renewable energy and regulated utilities has supported its growth and stability. As of April 2025, Algonquin continues to expand its renewable energy portfolio and strengthen its regulated services, positioning itself for sustained growth and value creation.

Algonquin Power & Utilities Corp. stands as a prominent player in the utility sector, distinguished by its dual focus on regulated services and renewable energy. Its financial achievements and strategic initiatives underscore its success. To delve deeper into Algonquin's financial well-being, explore: Breaking Down Algonquin Power & Utilities Corp. (AQN) Financial Health: Key Insights for Investors. Discover the factors behind Algonquin's industry leadership and its approach to sustainable growth.

Algonquin Power & Utilities Corp. (AQN) Mission Statement

Algonquin Power & Utilities Corp. (AQN), the parent company of Liberty, is dedicated to providing sustainable energy and water solutions. AQN is committed to delivering safe, secure, reliable, cost-effective, and sustainable energy and water solutions. The company focuses on regulated utilities and renewable energy, primarily in North America. AQN's mission is to deliver clean energy and water solutions that create better everyday lives and inspire our communities. This mission is what drives us every day to accomplish our purpose, which is sustaining energy and water for life. Algonquin Power & Utilities Corp. (AQN): History, Ownership, Mission, How It Works & Makes Money

AQN's business strategy is centered on three strategic pillars:

• Growth: Algonquin is a growth-focused company that has expanded through organic initiatives and strategic acquisitions.
• Operational Excellence: The company strives for excellence in safety, security, and reliability.
• Sustainability: AQN aims to lead the transition to a low-carbon economy through global decarbonization partnerships.

In alignment with its mission, Algonquin Power & Utilities Corp. is committed to integrating sustainability principles into its business. The company recognizes that its operations and decisions have broader implications for communities, ecosystems, and future generations.

The company's mission statement reflects a commitment to:

• Providing sustainable clean energy infrastructure.
• Delivering reliable utility services across North America.
• Focusing on renewable energy.

As AQN works towards fulfilling its purpose, it strives to be a top-quartile global utility and independent power provider, known for exceptional performance in terms of:

• Safety
• Customer experience
• Employee engagement
• Diversity, equity, and inclusion
• Environmental and social responsibility
• Financial results

Algonquin Power & Utilities Corp. had revenue of C$3.45 Billion in 2024. The company's operations are organized across two business units: the Regulated Services Group and the Hydro Group. Following the sale of its renewable energy business (excluding hydro) to LS Power, AQN expects nearly all of its revenue to come from the Regulated Services Group.

The Regulated Services Group operates a diversified portfolio of regulated utility systems in the United States, Canada, Bermuda, and Chile, serving approximately 1,265,000 customer connections as of December 31, 2024. The group focuses on providing safe, high-quality, and reliable services to customers while delivering stable and predictable earnings to the corporation.

AQN is committed to environmental stewardship and has set a target to achieve net-zero emissions by 2050. The company is also focused on reducing regulatory lag and improving its earned returns.

The company's core values include a strong commitment to employees, customers, community, and sustainability in all its daily operations and business planning activities.

Algonquin Power & Utilities Corp. (AQN) Vision Statement of

Algonquin Power & Utilities Corp. (AQN) aims to be a leading North American regulated utility and renewable energy company. The company's strategic goals focus on delivering sustainable growth and value to its stakeholders. AQN's approach involves investing in renewable energy and regulated utilities. You might also be interested in: Breaking Down Algonquin Power & Utilities Corp. (AQN) Financial Health: Key Insights for Investors

AQN aims to solidify its position as a key player in the North American utility and renewable energy sectors. In 2024, AQN had approximately $17 billion in assets, demonstrating its substantial footprint. The company's operations span across the United States and Canada. This widespread presence allows AQN to capitalize on diverse market opportunities and regulatory environments.

• AQN focuses on strategic acquisitions to expand its regulated utility base.
• The company invests in renewable energy projects, such as wind, solar, and hydro, to enhance its green portfolio.
• Geographic diversification helps mitigate risks associated with regional economic fluctuations and regulatory changes.

A core element of AQN's vision is to maintain a strong foundation in regulated utilities. Regulated utilities provide stable, predictable earnings due to their monopolistic nature and government oversight. As of the fiscal year 2024, regulated utilities accounted for approximately 70% of AQN's revenue. This focus ensures a reliable cash flow to support investments in renewable energy and infrastructure upgrades.

• Investments in utility infrastructure improve service reliability and efficiency.
• Regulatory frameworks provide a predictable return on investment, reducing financial risk.
• AQN adheres to stringent regulatory standards, ensuring compliance and operational excellence.

AQN is committed to growing its renewable energy portfolio. Renewable energy sources, including wind, solar, and hydro, are central to the company's sustainability strategy. In 2024, renewable energy assets comprised approximately 30% of AQN's total energy generation capacity. The company aims to increase this percentage through new projects and acquisitions, aligning with global trends toward decarbonization.

• Development of new renewable energy projects increases AQN’s green energy capacity.
• Acquisition of existing renewable energy facilities expands AQN’s market presence.
• Investments in innovative technologies, such as energy storage, enhance grid stability and efficiency.

Algonquin Power & Utilities Corp. (AQN) Core Values of

Algonquin Power & Utilities Corp. (AQN) is committed to delivering essential services in a sustainable and responsible manner. The company's core values are the guiding principles that shape its culture and inform its business decisions. These values reflect AQN's dedication to its customers, employees, shareholders, and the communities it serves. You can explore more about AQN's background in this article: Algonquin Power & Utilities Corp. (AQN): History, Ownership, Mission, How It Works & Makes Money

While specific details on AQN's core values are not available in the provided search results, core values typically encompass several key areas that guide a company's operations and interactions. The following sections explore potential core values based on common themes in the utilities and renewable energy sectors.

Safety

Safety is often a paramount core value for utilities, given the inherent risks associated with power generation and distribution. AQN would likely prioritize the safety of its employees, customers, and the public in all its operations.

• Safety Training: Implementing comprehensive safety training programs for all employees.
• Risk Management: Conducting regular risk assessments and implementing mitigation measures to prevent accidents and incidents.
• Emergency Preparedness: Developing and maintaining emergency response plans to address potential disruptions to service.

Sustainability

Given AQN's focus on renewable energy, sustainability is likely a core value, reflecting a commitment to environmental stewardship and responsible resource management.

• Renewable Energy Investments: Investing in renewable energy projects such as wind, solar, and hydro power. In 2024, AQN allocated a significant portion of its capital expenditure to renewable energy projects, aiming to increase its green energy portfolio by 15%.
• Emissions Reduction: Implementing measures to reduce greenhouse gas emissions from its operations.
• Environmental Compliance: Adhering to all environmental regulations and standards.

Customer Focus

A customer-centric approach is essential for utilities, as they provide essential services to a wide range of customers. AQN would likely prioritize customer satisfaction and reliability.

• Reliable Service: Maintaining and upgrading infrastructure to ensure reliable delivery of electricity, gas, and water.
• Customer Service: Providing responsive and helpful customer service through various channels.
• Affordable Rates: Striving to provide affordable rates while maintaining financial stability.

Integrity

Integrity is a fundamental core value for any organization, reflecting a commitment to ethical conduct and transparency in all its dealings. AQN would likely emphasize integrity in its relationships with stakeholders.

• Ethical Conduct: Adhering to a strict code of ethics and conduct for all employees.
• Transparency: Communicating openly and honestly with stakeholders about its operations and performance.
• Accountability: Taking responsibility for its actions and decisions.

Innovation

In the rapidly evolving energy sector, innovation is crucial for staying ahead and meeting future challenges. AQN would likely value innovation in its operations and service offerings.

• Technology Adoption: Investing in new technologies to improve efficiency and reliability.
• Smart Grid Development: Developing smart grid infrastructure to optimize energy distribution and management.
• New Energy Solutions: Exploring new energy solutions such as energy storage and electric vehicle charging infrastructure.