Algonquin: Does The FERC Decision Change The Dividend Trajectory?


  • Algonquin has been the poorest performing utility.
  • Unwieldy debt load and empire building have come with a big cost.
  • But that empire building just got a mandatory stop as FERC denied the Kentucky Power deal.
  • Does this change the dividend cut probability?
Obama"s New Proposed Regulations On Coal Energy Production Met With Ire Through Kentucky"s Coal Country

Kentucky Coal Mine

Luke Sharrett/Getty Images News

We have seen many companies do it. Focus on the topline and not the bottom one. Rapid expansion with an eye only on total numbers and ignorance of how it impacts things on a per share basis. Algonquin Power & Utilities Corporation (

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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