Hydro One
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NewsAfter 18 Months of Dramatic Turns, Hydro One-Avista Merger Deal Officially Dead
Hydro One, Ontario’s largest transmission and distribution provider, and Spokane, Washington–based U.S. utility Avista Corp., have dropped their merger, citing separate denials of the $5.3 billion deal by regulators in Washington and Idaho. The companies said on Jan. 23 they “mutually agreed” to terminate a merger agreement they announced in July 2017. As required by […]
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Press Releases
Montana Public Service Commission votes to approve the Hydro One and Avista merger
TORONTO and SPOKANE, Wash., June 12, 2018 (GLOBE NEWSWIRE) — Hydro One Limited (“Hydro One”) (TSX:H) and Avista Corporation (“Avista”) (NYSE:AVA) today announced that the Montana Public Service Commission (“the Commission”) has voted to approve the proposed merger, with conditions. “Hydro One is very pleased that the Montana Public Service Commission has voted favourably on […]
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BusinessFour Ontario Electric Utilities Pursue Merger
Ontario’s four largest local electricity distribution companies are working to form a large new utility Enersource Corp., Horizon Utilities Corp., Hydro One Brampton Inc., and PowerStream Inc. have made a commitment to merge and create a new utility. The companies said in a joint statement on April 16 that the proposed merger would allow a […]