Avista - A Spokane legacy

Formerly the Washington Water Power Co., Avista has been a Spokane mainstay since 1889. On July 19, 2017, Avista announced it was being purchased by Canadian utilities company Hydro One. On Wednesday, December 5, 2018, that deal was rejected.

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News > Business

Regulators to conduct hearing Tuesday on proposed Avista sale

UPDATED: Tue., Oct. 16, 2018

Washington regulators have scheduled a Tuesday hearing on Avista Corp.’s proposed sale to Hydro One Ltd., of Toronto.

News > Spokane

Avista spends $200,000 supporting county commissioners Kuney and French

Tue., Oct. 16, 2018

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.

News > Spokane

Avista sale includes protections against Canadian government influence and rate hikes, consultant says

UPDATED: Wed., Sept. 26, 2018

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.

News > Spokane

Avista executives to receive $18 million payout on day of sale

UPDATED: Wed., Sept. 26, 2018

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.

News > Spokane

Avista extends date for sale to Hydro One

Wed., Sept. 19, 2018

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.

News > Business

Idaho regulators approve new timeline for Avista sale deliberations

UPDATED: Tue., Sept. 18, 2018

Idaho regulators said they may not be ready to make a decision by mid-December on whether or not to approve the $5.3 billion sale of Avista Corp. to Hydro One Ltd., of Toronto.

News > Local Government

Spokane County Treasurer Rob Chase trying to block Avista’s sale

UPDATED: Fri., Sept. 14, 2018

Rob Chase doesn’t want Avista Corp. to sell to a Canadian utility, and the Spokane County commissioner candidate says he’s deploying a little-known part of federal laws to try to block it. Washington regulators, however, said the laws Chase cites don’t apply to the sale.

News > Business

Hydro One appoints new board, wants review of Avista purchase to restart

UPDATED: Wed., Aug. 22, 2018

Hydro One Ltd. has installed a new board of directors in the aftermath of a political shake-up that jolted the utility’s efforts to acquire Avista Corp. The Canadian utility wants Idaho regulators’ review of the proposed sale to resume.

News > Spokane

Washington regulators schedule October hearing on proposed Avista sale

UPDATED: Mon., Aug. 6, 2018

The Washington Utilities and Transportation Commission has scheduled an Oct. 23 technical hearing on the proposed $5.3 billion sale to Hydro One Ltd. of Toronto.

News > Business

Avista CEO notes 2Q earnings ‘above expectations,’ outlines utility’s commitment to gain Hydro One sale approval

UPDATED: Wed., Aug. 1, 2018

Avista Corp.’s earnings during the second quarter exceeded expectations, said Chairman and CEO Scott Morris, who also reiterated the Spokane-based utility’s commitment to gain regulatory approval of its proposed sale to Hydro One. Ltd., of Toronto.

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Latest Video

News
Avista Sale: What’s next?
Thu., July 20, 2017

Latest Gallery

News
Washington Water Power’s history
Wed., July 19, 2017

Timelines

A brief history of Avista
Wed., July 19, 2017

Documents

WUTC rejection of application for Avista sale to Hydro One