Former Washington Gov. Chris Gregoire would sit on Avista Corp.’s board of directors if the company is sold to a Canadian utility.
Spokesman-Review Editor Rob Curley recently spoke with Avista CEO Scott Morris for a podcast that touched on several aspects of the company’s proposed sale to Hydro One Ltd., including what it means to the community where Morris was raised and went to school.
Scott Morris is the CEO of Avista as it heads directly into one of the biggest and more important moments in the iconic Spokane company’s 128-year history: its pending $5.3 billion sale to Canada’s Hydro One.
Avista Corp. gives a lot of money to local candidates. If it leans in any political direction, it is toward incumbency – toward those already in power. But Avista’s recent decision to spend $200,000 to signal-boost the candidacies of French and Kuney with TV ads is a dramatic, puzzling departure from business as usual.
Proposed Avista sale to Hydro One prompts tough questions from regulators after Canadian utility’s management shakeup.
Washington regulators have scheduled a Tuesday hearing on Avista Corp.’s proposed sale to Hydro One Ltd., of Toronto.
Avista Corp. is spending heavily in the Spokane County commissioner races by dropping nearly $200,000 on re-election television advertisements for commissioners Mary Kuney and Al French. In Avista Corp.’s largest independent campaign expenditure to date, the company in August contributed more than $99,500 per commissioner in “independent expenditures” for television ads and production costs, according to Washington State Public Disclosure Commission filings.
Avista Corp.’s proposed sale to Hydro One Ltd. has safeguards to protect local customers from Canadian government interference and rate hikes if Toronto-based utility runs into future financial troubles, says a consultant hired by the two companies to scrutinize the proposed agreement.
Thirteen of Avista’s top executives will receive about $18 million in immediate payouts if the Spokane-based utility is sold to Hydro One Ltd., of Toronto.
Avista Corp. is extending the deadline to complete its $5.3 billion sale to Hydro One Ltd. until March 29, although both companies expect the sale to close in late December.
July 20, 2017
July 19, 2017
Wed., July 19, 2017, 3:06 p.m.