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Algonquin Power registers $3B of securities

Algonquin Power & Utilities Corp. filed a preliminary short-form base shelf prospectus for the potential sale of up to $3 billion of securities from time to time.

The registration covers the sale of unsecured debt securities, subscription receipts, preferred shares, common shares, warrants and units of the corporation.

Net proceeds from the issuance will be used to repay debt and for general corporate purposes, according to a Sept. 7 filing.