Oakville-based company completes acquisition of New Brunswick Gas

Algonquin Power and Utilities Corporation (AUPC)

Algonquin Power and Utilities Corporation (AUPC) says the acquisition of Enbridge Gas New Brunswick by its subsidiary Liberty Utilities (Canada) LP is complete.

The $331 million transaction with Calgary-based Enbridge was announced in December.

Ian Robertson, Chief Executive Officer of APUC, says in a press release that New Brunswick Gas has tremendous potential for growth.

New Brunswick Gas is a regulated utility that provides natural gas to approximately 12,000 customers in twelve communities in the province, and operates approximately 1,200 km of natural gas distribution pipeline.