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    Allison Carson • Desjardins

    Allison Carson's questions to Algonquin Power & Utilities Corp (AQN) leadership

    Allison Carson's questions to Algonquin Power & Utilities Corp (AQN) leadership • Q2 2025

    Question

    Allison Carson from Desjardins Capital Markets, on for Mark Jarvi, asked whether cost reduction efforts are focused at the operating company or holding company level and how to gauge progress. She also asked about the potential for a negotiated settlement in the Empire Electric proceedings and its possible timeline.

    Answer

    CEO Rod West clarified that cost reduction is an "enterprise effort" impacting all levels, and progress should be measured by overall financial results and rate case outcomes, not specific program updates. He pointed to O&M as a percentage of revenues as the key public metric. Regarding the Empire Electric case, West stated the company is always open to settlement and that formal negotiations typically begin after rebuttal filings, around the November timeframe, but did not commit to a specific schedule.

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    Allison Carson's questions to Orla Mining Ltd (ORLA) leadership

    Allison Carson's questions to Orla Mining Ltd (ORLA) leadership • Q1 2025

    Question

    Allison Carson asked about the future exploration program size at Musselwhite and the status of permitting for the Camino Rojo expansion in Mexico, including whether there was concern about receiving the permit this year.

    Answer

    President and CEO Jason Simpson stated that while not formal guidance, a similarly sized exploration program at Musselwhite should be expected next year as part of a 24-month objective. Regarding permitting in Mexico, he expressed confidence due to active conversations with regulators and expects a resolution on schedule in the next couple of months.

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