New York American Water Company Inc.

Algonquin Power & Utilities Corp. Completes Acquisition of New York American Water Company, Inc.

Algonquin Power & Utilities Corp. Completes Acquisition of New York American Water Company, Inc.

Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today announced that Liberty Utilities (Eastern Water Holdings) Corp. , a wholly-owned subsidiary of AQN's regulated utility operating subsidiary, Liberty Utilities Co. ("Liberty"), has successfully completed the previously-announced acquisition of New York American Water Company, Inc. ("New York American Water") from American Water Works Company, Inc. for a purchase price of approximately $608 million.