FERC Approves Avista, Hydro One Merger
1/16/2018
Hydro One Limited and Avista Corporation have received approval from the Federal Energy Regulatory Commission (FERC) on the companies’ merger application filed on Sept. 14, 2017.
“This marks another important milestone in bringing together Hydro One and Avista,” said Mayo Schmidt, President and CEO, Hydro One. “As we continue on the journey to obtain the other necessary regulatory approvals, we are confident that bringing together our two companies will deliver long-term value.”
Applications for regulatory approval of the transaction are still pending with utility commissions in Washington, Idaho, Oregon, Montana and Alaska.
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