SOURCE: Industrial Info Resources

Industrial Info Resources

March 17, 2015 06:00 ET

Algonquin Power Sees 67% Rise in Fourth-Quarter Earnings, Earmarks $261 Million for 2015 Capex, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Mar 17, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Canada's Algonquin Power & Utilities Corporation (APUC) (Oakville, Ontario) reported $33.1 million in fourth-quarter 2014 net earnings, up 67% from $19.8 million in the same quarter a year earlier. Fourth-quarter revenue was $259.3 million, compared with $205.3 million a year earlier. APUC cited several factors in the revenue gain, including its acquisition of the New England Gas System, higher customer demand, rate case settlements, increased hydrology and wind resources, and the impact of the stronger U.S. dollar. Industrial Info is tracking 16 APUC projects worth $1.49 billion.

Within this article: Fourth-quarter earnings results for Algonquin Power & Utilities Corporation, with information on key projects such as the construction of a 177-megawatt windfarm in Saskatchewan.

Additional companies: Siemens AG, General Electric (NYSE:GE), with Kinder Morgan Energy Partners (NYSE:KMP)

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