Algonquin Power & Utilities Corp. (TSX:AQN) will look for mergers and acquisitions. During the first quarter 2022 earnings conference call, Arun Banskota, President and Chief Executive Officer, said that ‘So I do want to point that out, first of all.

So we do not absolutely depend on M&A for our growth. But at the same time, we are cognizant of the fact that scale does bring certain benefits and where we can execute on M&A at the -- that fits our strategy, that fits all of our financial metrics, all of those kind of things, we will execute. M&A is, by its very nature, feel fairly opportunistic.

So look, we have closed Liberty New York Water, that transition has gone very well. No surprises. And given our experience base in terms of transitioning, acquiring utilities into our fold, we do not anticipate any surprises on Kentucky Power as well.

And so given all of that, if the right opportunity comes, we will look at M&A opportunities. But again, we are always very, very disciplined when it comes to fit with strategy, fit with all of our financial metrics, so on and so forth'.