Algonquin Power & Utilities Corp. Announces Election of Board of Directors and Expands Board with the Nomination and Election of Masheed Saidi - Siouxland News - KMEG 14 and FOX 44

Algonquin Power & Utilities Corp. Announces Election of Board of Directors and Expands Board with the Nomination and Election of Masheed Saidi

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SOURCE Algonquin Power & Utilities Corp.

OAKVILLE, ON, June 19, 2014 /PRNewswire/ - Algonquin Power & Utilities Corp. ("APUC") (TSX: AQN) announced that all the nominees listed in its Management Information Circular dated May 14, 2014 were elected as directors of APUC until the next annual meeting of shareholders. The detailed voting results are set out below.

The APUC board of directors (the "Board") is very pleased to welcome Masheed Saidi to the Board who is a registered professional engineer with 30 years of operational and business leadership experience in the regulated utility industry. Ms. Saidi is an executive consultant of Energy Initiatives Group, a specialized group that provides technical, commercial and business consulting services to utilities, independent system operators, government agencies and others in the energy industry. Until 2010, Ms. Saidi was the Chief Operating Officer and Executive Vice President of U.S. Transmission for National Grid USA. Ms. Saidi brings valuable utility experience and a U.S. presence to the board, strategically aligning with APUC's growing U.S. footprint.

On a vote by ballot, each of the following seven nominees proposed by management was elected as a director of APUC:

Nominee



Votes For





% For





Votes Withheld





% Withheld

Christopher Ball



117,265,641





98.68%





1,563,166





1.32%

Christopher Huskilson



89,438,198





75.27%





29,390,609





24.73%

Christopher Jarratt



105,191,739





88.52%





13,637,068





11.48%

Kenneth Moore



117,781,619





99.12%





1,047,188





0.88%

Ian Robertson



105,227,618





88.55%





13,601,189





11.45%

Masheed Saidi



118,612,950





99.82%





215,857





0.18%

George Steeves



117,781,865





99.12%





1,046,942





0.88%




















Additionally, the following votes were cast at the meeting:

 Resolution



Votes For




% For




Votes Against




% Against

Advisory Resolution on Approach to Executive

Compensation



117,488,107




98.87%




1,340,700




1.13%

Adoption of the Performance and Restricted

Share Unit Plan



99,553,617




83.78%




19,275,190




16.22%

















About Algonquin Power & Utilities Corp.

Algonquin Power & Utilities owns and operates a diversified $3.7 billion portfolio of regulated and non-regulated utilities in North America. The regulated utility business provides water, electricity and natural gas utility services to over 480,000 customers through a portfolio of regulated generation, transmission and distribution utility systems. The non-regulated electric generation subsidiary owns or has interests in renewable energy and thermal energy facilities representing more than 1,100 MW of installed capacity. Algonquin Power & Utilities delivers continuing growth through an expanding pipeline of renewable power and clean energy projects, organic growth within its regulated utilities and the pursuit of accretive acquisition opportunities. Common shares and preferred shares are traded on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A and AQN.PR.D. Visit Algonquin Power & Utilities at www.AlgonquinPowerandUtilities.com and follow us on Twitter @AQN_Utilities.

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