Hashtag: #AscendantGroup
Algonquin To Acquire Kentucky Power Company
Algonquin— which owns BELCO – announced that Liberty Utilities Co, an indirect subsidiary of Algonquin, has entered into an agreement to acquire Kentucky Power Company for approximately $2.846 billion. A spokesperson said, “lgonquin Power & Utilities Corp. [AQN] today announced that Liberty Utilities Co., an indirect subsidiary of AQN,... Read more of this article
Algonquin Aims For Net-Zero By 2050 Target
Canada-based Algonquin Power & Utilities Corp — which owns BELCO — announced its “commitment to a net-zero by 2050 target.” “This target is rooted in Algonquin’s purpose of sustaining energy and water for life and is a reflection of the Company’s track record of being a leader in the transition to a low-carbon... Read more of this article
Ascendant Group Becomes Liberty Group
Ascendant Group – the parent company of BELCO — will operate under the name Liberty Group Limited. A spokesperson said, “Ascendant Group Limited [Ascendant], the parent company of Bermuda Electric Light Company Limited [BELCO] and AG Holdings Limited, will operate under the name Liberty Group Limited [Liberty] effective June 1st. BELCO... Read more of this article
Ascendant Group Assist Food Drive For Seniors
The companies of AG Holdings Limited, AIRCARE, iEPC and iFM, recently supported the Bermuda Conference YPD annual food drive to assist seniors in need. Staff from across the group of companies bought food which was donated to the Bermuda Conference YPD and distributed to seniors in partnership with Age Concern.” AG Holdings President Judith Uddin... Read more of this article
Algonquin Power Q4 And 2020 Financial Results
Algonquin Power & Utilities Corp — the parent company of Ascendant and BELCO – announced financial results for the fourth quarter and year-ended December 31, 2020. In reporting that they surpassed a “milestone of over one million customer connections,” Algonquin noted their acquisition of Ascendant Group and BELCO. The... Read more of this article
BELCO & Ascendant Group Hold Food Drive
Staff from BELCO and Ascendant Group held a food drive campaign, and distributed approximately 700 bags of food to families this weekend. A spokesperson said, “As Bermuda continues to be affected by the economic difficulties caused by the Covid-19 Pandemic, BELCO staff decided they wanted to give back to the community and help families who may... Read more of this article
Wayne Caines Named Ascendant President
Ascendant Group — the parent company of BELCO — announced the appointment of Wayne Caines to the newly created role of Ascendant President. A spokesperson said, “Ascendant Group Limited is pleased to announce the appointment of Wayne Caines to the newly created role of Ascendant President. He will join the Company on Monday, December... Read more of this article
Sale Of Ascendant Group Is Now Completed
[Updated] The sale of Ascendant Group – the parent company of BELCO — has now been completed, the company confirmed today. An Ascendant spokesperson said, “The sale of Ascendant Group Limited [Ascendant] to Algonquin Power & Utilities Corp. [Algonquin] has now been completed. “Ascendant’s existing Bermudian management... Read more of this article
Ascendant Group’s Trading Halted On BSX
The Bermuda Stock Exchange [BSX] announces it has halted trading of Ascendant Group Limited’s common shares “due to the closure of the Company’s share register on Wednesday [Nov 4].” “Closure of the register was announced on 16 October 2020,” a spokesperson added. Related Stories Ascendant Group Becomes Liberty Group Ascendant... Read more of this article
BSX: Ascendant Resumes Trading Today
The Bermuda Stock Exchange announced the resumption of trading of Ascendant Group Limited’s common shares effective 12 noon today [Oct 19]. This follows after trading was temporarily suspended due to approvals being granted to complete the sale of Ascendant -- the parent company of BELCO — to Algonquin Power & Utilities Corp. Related Stories Ascendant... Read more of this article
Sale Of Ascendant Group/BELCO Approved
Ascendant Group Limited said they “welcomed the approvals of the Regulatory Authority [RA] and Minister of Finance as necessary steps in completing the sale of Ascendant to Algonquin Power & Utilities Corp.” Ascendant Chairman Peter Durhager said: “This is welcome news and could not come at a more critical time for Bermuda. With the... Read more of this article
Minister On Energy & Potential Sale Of BELCO
Minister of Home Affairs Walter Roban held a press conference to provide an update on renewable energy initiatives and the potential sale of Ascendant, which is the parent company of BELCO. Minister Roban said, “During the recent election, there seemed to be a significant emphasis on renewable energy and a cleaner environment. I thought it important... Read more of this article
Ascendant Group Releases Q2 2020 Financials
Ascendant Group Limited, a publicly traded provider of energy and energy-related services, announced that results for the first six months of 2020 have been released. The Six Month Report will be sent to shareholders and is also available on Ascendant’s website at www.ascendant.bm. The Ascendant Six Month Earnings follow below [PDF here]: Related... Read more of this article
RA Grants Approval For Ascendant/BELCO Sale
[Updated] Ascendant Group Limited’s trading has been “suspended pending an announcement from the company.” “At the request of Ascendant Group Limited, the BSX has suspended trading in Ascendant Group Limited’s common shares pending an announcement from the Company,” the BSX said. Often when this happens it means a major announcement... Read more of this article
Ascendant Group Announces 1st Quarter Results
In a filing with the Bermuda Stock Exchange [BSX], Ascendant Group Limited’s announced results for the first three months of 2020. The full filing stated: “Ascendant Group Limited, a publicly traded provider of energy and energy-related services, today announced results for the first quarter of 2020, with core earnings of $4.1 million, or $0.42/share,... Read more of this article
Ascendant Donates $100,000 To Eliza DoLittle
Ascendant Group is donating $100,000 to The Eliza DoLittle Society to help bring some relief to those affected by the coronavirus pandemic. An Ascendant spokesman said: “Ascendant has a long and proud history of philanthropy in Bermuda. During these unprecedented times, as Bermuda contends with the coronavirus, our charities committee met to determine... Read more of this article
