Algonquin Power & Utilities outlines $3.2 billion capital investment plan for 2026-2028
AQN•Algonquin Power & Utilities outlined about $3.2 billion in regulated capital investment for 2026-2028. It projects rate base of about $9.7 billion by 2028, up from $8.2 billion in 2025.
1. Investment outlook
At the EEI Financial Conference, Algonquin Power & Utilities outlined about $3.2 billion in regulated capital investment for 2026-2028. Its rate base is projected to reach about $9.7 billion by 2028, up from about $8.2 billion in 2025.
2. Projects and targets
SPP transmission projects represent about $770 million in investment through 2031, with peak spending in 2030. The company targets long-term operating and maintenance expenses in the low- to mid-30% range of revenue, versus 35.8% in 2025.
3. Planned redomicile
Algonquin plans to redomicile in the U.S. to reduce cross-border tax inefficiencies and expects to seek shareholder approval in the first half of 2027.
