Liberty Utilities Finance GP1

Liberty Utilities Finance GP1 (LUF) is the financing arm for Liberty Utilities Co. (LUCO) and is owned by Algonquin Power & Utilities Corp. The purpose of LUF is to issue debt and loan the funds with the same terms and rates to LUCO. LUCO owns a diversified portfolio of low-risk, stable cash flow assets through a number of regulated utilities in 13 U.S. states. The regulated assets are in natural gas distribution, electricity distribution, water distribution, waste-water collection, and power generation.