Arrow-right Camera
Go to e-Edition Sign up for newsletters Customer service
Subscribe now
Opinion >  Letters

Nixed Avista sale a loss

Many seem to think, including Shawn Vestal, that the regulatory denial of the Avista-Hydro One approval is a good thing. I do not! Because Hydro One, as a Canadian company and foreign owner, would have been required to operate Avista as a separate U.S. subsidiary, which is good, meaning local management and board of directors, plus the headquarters would remain in Spokane. This also would have meant very few, if any, local job cuts.

The deal also included increased and continued financial support of nonprofits in the communities that Avista operates. Everyone involved in community service knows that Avista has been a very generous corporate citizen. Most likely, Avista will now sell to a large U.S.-based utility whose interests are not necessarily aligned with our local communities, meaning potential job cuts, reduced local decision-making and community support. Although I believe Avista management would try and craft a similar deal, they have a fiduciary responsibility to the shareholder, so a potential merger price may dictate the terms. Another potential loss for the community!

Tom Beil

Spokane


 

Letters policy

The Spokesman-Review invites original letters on topics of public interest. Your letter must adhere to the following rules:

  • No more than 250 words
  • We reserve the right to reject letters that are not factually correct, racist or are written with malice.
  • We cannot accept more than one letter a month from the same writer.
  • With each letter, include your daytime phone number and street address.
  • The Spokesman-Review retains the nonexclusive right to archive and re-publish any material submitted for publication.
Unfortunately, we don’t have space to publish all letters received, nor are we able to acknowledge their receipt.
Click here to learn more.

Submit letters using any of the following:

Our online form

Mail: Letters to the Editor
The Spokesman-Review
999 W. Riverside Ave.
Spokane, WA 99201

Email: editor@spokesman.com
Fax: (509) 459-3815
Questions?: (509) 459-5430