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Saturday, March 23, 2019  Spokane, Washington  Est. May 19, 1883
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News >  Business

Idaho regulators postpone Monday’s hearing in Avista sale

UPDATED: Thu., July 19, 2018, 5:48 p.m.

AVISTAMUG_001_TT
TYLER TJOMSLAND
SPOKESMAN REVIEW
SR (Tyler Tjomsland / The Spokesman-Review)
AVISTAMUG_001_TT TYLER TJOMSLAND SPOKESMAN REVIEW SR (Tyler Tjomsland / The Spokesman-Review)
From staff reports

A technical hearing by Idaho regulators on the proposed merger of Avista and Hydro One has been postponed.

The state Public Utilities Commission postponed Monday’s hearing after the unexpected and simultaneous July 11 retirement of Hydro One’s chief executive officer and the resignation of the board of directors of the Toronto-based company, according to a news release.

The hearing was intended as a forum for the parties to address concerns and issues raised in earlier public comments and testimony.

The technical hearing has not been rescheduled. If a new Hydro One board and CEO are not named by Aug. 15, the commission has directed Avista to file an update on the circumstances.

Once Hydro One’s new leadership is in place, the commission said it expects the parties to propose a new timeline for the case.

The two companies filed for commission approval of the $5.3 billion sale last year.

The joint application calls for Avista to become a subsidiary of Hydro One, the largest electric transmission and distribution utility in the province of Ontario with more than 1.3 million customers.

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