Avista sale scrutinized

    Olympia, Washington (KINY) The state Utilities and Transportation Commission has questions about the sale of Avista Corp to Hydro One Ltd.

    The $5.3 billion deal impacts Juneau because Avista is the parent company of Alaska Electric Light and Power (AEL&P).

    A lengthy hearing was held in Olympia with the three-member commission asking how they could protect Northwest customers from bad decisions by the Ontario government which owns Hydro One Ltd.

    The three members said government interference is real.  The sales agreement also specifies that the headquarters of the company will remain in Spokane.

    The commission must determine that the acquisition of Avista is in the best interest of Washington customers before they approve the sale.

    Oregon and Idaho are still deliberating the sale.  Montana and Alaska have approved the sale.

     

    More from News of the North

    Current Conditions

    Crude Oil Price