Black Friday shopping appears to be losing its luster as a post-Thanksgiving ritual, with nearly 65 percent of Pacific Northwest residents saying they’ll avoid stores that day.
People who own vacation properties wouldn’t be able to deduct the interest paid on second-home mortgages under House Republicans’ proposed tax overhaul.
Since the 1990s, the volume of phosphorus flowing into Lake Coeur d’Alene has nearly doubled. That’s a concern for scientists. Phosphorus affects algae production in the lake and the long-term management of heavy metals at the lake’s bottom.
The proposed sale of Avista Corp. to Hydro One for $5.3 billion would chart new territory for customers of the Spokane-based utility. Next week’s shareholder vote is a major milestone in the sale process. Here are some answers to questions about the transaction.
Avista Corp.’s shareholders vote next week on Hydro One’s proposed $5.3 billion purchase of the Spokane utility. Scott Morris, Avista’s chairman and CEO, said the company has found the right partner in the Canadian utility and its CEO Mayo Schmidt.
On Nov. 21, Avista shareholders will vote on whether to approve the company’s sale to Hydro One, an Ontario utility. Most of the ballots will be cast by large, institutional investors, who will earn a tidy profit when the sale is final.
If Avista Corp. is purchased by Canadian company Hydro One, customers of the Spokane-based utility will receive rate credits worth $31 million over the next decade.
Acquisition costs related to Avista Corp.’s proposed purchase by Hydro One of Ontario led to lower third-quarter earnings for the Spokane-based utility.
Last year, a Canadian company announced plans to build a $325 million silicon smelter in northeast Washington, which would bring about 150 permanent jobs to the area. But some local residents question if the smelter is a good fit.
Avista Utilities should be allowed to raise customers’ rates over the next three years, but by much smaller amounts than company officials proposed, Washington regulators’s staff members said Friday.
Amazon actually received two pitches from the Spokane metro area encouraging the company to locate its second headquarters here. The Spokane Tribe also submitted a proposal.
Potlatch Corp. plans to merge with a smaller rival, Deltic Timber Corp., in an all-stock deal that will create a company with 2 million acres of private timberland holdings.
Clearwater Paper Corp. reported a drop in sales and flat income during the third quarter, citing higher transportation costs from hurricanes in the Southeast as a contributing factor.