Avista, Hydro One file proposed post-sale settlement with Idaho regulators

Avista Corp. and Hydro One Ltd. have filed paperwork with Idaho regulators outlining how Avista would operate after its sale to the Canadian utility.

Avista’s Idaho ratepayers would be eligible for $15.8 million in credits over a five-year period, according to the proposed settlement. Costs associated with the $5.3 billion sale would not be be charged to Avista customers.

The Idaho Public Utilities Commission will review and vote on the proposed settlement. Approval from the PUC is a requirement of the sale, which is expected to close in the second half of the year.

The proposal, which is similar to a proposed Washington settlement, also outlines post-sale conditions for low-income assistance programs, charitable giving and the utility’s commitment to economic development initiatives.

The proposed settlement will be discussed at 6 p.m. Wednesday at a PUC workshop in Coeur d’Alene at the Midtown Meeting Center, 1505 N. Fifth St.