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The finance minister has given the green light to the takeover of Ascendant Group Ltd by a Canadian utilities firm, the final approval needed for the deal to go through. Ascendant revealed on October 5 that it had received approval from the Regulator...

A new team at the helm of Belco is expected to restore faith in the power company, the Minister of Home Affairs said yesterday. Walter Roban claimed that public confidence in the electricity provider was at an “all-time low” — but predicted that woul...

The sale of the holding company of power firm Belco is on the verge of being completed after regulators approved the change of control. A spokesman for Ascendant, parent of Belco and several other companies, said the green light from the Regulatory A...

Ascendant Group’s profits rose in the first half of the year even as electricity sales fell. Core earnings from operations, before corporate expenses, were $8.7 million compared to $7.5 million for the same period in 2019. Total revenue dipped by $1...

Rumours that Wayne Caines has been hired by Ascendant Group have been firmly denied by the company. Ascendant responded to a question from The Royal Gazette yesterday about claims circulating on social media that the former Minister of National Secur...

Renewables is something we at Algonquin Power & Utilities Corporation are passionate about. It is how our company started. From our inception in 1988, we have approached business growth with a long-term commitment to creating value for our customers ...

If I have learnt anything over the past several decades of working with people and communities to build Algonquin Power & Utilities Corporation, it is that “doing the right thing” is non-negotiable when it comes to how a company such as ours operates...

Ascendant Group Ltd posted net earnings of $4.1 million for the first three months of the year as electricity demand fell. The parent company of power utility Belco said the impact of Covid-19 on the group had been minimal through the end of March an...

Last year, we at IBV Capital shared our views on the extensive sale process Ascendant Group was conducting to find a suitable buyer for the company. Since then, Ascendant Group has entered into a sale agreement with Algonquin Power & Utilities Corpor...

The following correspondence is in relation to the Regulatory Authority’s Invitation to Comment on the matter: a transaction concerning the proposed acquisition of control of Bermuda Electric Light Company by Algonquin Power and Utilities Corporation...

In the recent past, electricity prices have been extraordinarily high in Bermuda. There are many reasons why. One is Bermuda’s small size. When a system has a peak load of just over 100MW and an operating a fleet of 20 generators, it’s almost impossi...

The decision on whether Algonquin Power & Utilities Corporation is acceptable to the Bermuda people as the 100 per cent foreign owner determining our future fate with respect to the control of our most important utility could not be approaching at a ...