Financial analysts say the political shakeup at Hydro One could threaten or delay Avista’s $5.3 billion sale to the Toronto-based utility.
Hydro One’s chief executive officer was ousted Wednesday by Ontario’s new premier, and the utility’s entire board of directors submitted resignations.
About 2,000 customers – including Shriners Hospitals for Children – were without power for several hours Monday after an Avista Utilities power line went down near Fifth Avenue and Walnut Street downtown.
A “golden share” sounds like something that belongs in a fairy tale, but it’s actually a financial term related to utility sales and mergers.
Deliberations over the sale of Avista are heading into the final stretches, prompting utility customers who are opposed to speak up. Concerns about foreign ownership and future rates figure prominently in their remarks.
About 1,600 Avista Utilities customers in Spokane Valley were without power for about an hour Monday morning.
North Idaho residents expressed deep suspicions Thursday night about the proposed sale of Avista Corp. to a Canadian utility partly owned by the government of Ontario.
Backers of a proposed sale of Avista Corp. to the Canadian utility Hydro One praised the deal Tuesday night for the steps it takes toward ending operations at Colstrip, a coal-fired electric generation plant in Montana.
Montana regulators have approved the sale of Avista Corp. to a Canadian utility. Several states must give their approval to the sale.
In the bustling post-war era, Spokane produced a cadre of elite young architects who challenged and pushed each other with every project. That competition produced many notable features in the city, including the 1959 Washington Water Power building.
July 20, 2017
July 19, 2017
Wed., July 19, 2017, 3:06 p.m.