Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Cloudy 29° Cloudy
News >  Business

Oregon regulators halt review of Avista sale

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

Oregon regulators have halted their review of Avista Corp.’s proposed $5.3 billion sale to Hydro One Ltd., after the transaction was denied in Washington and Idaho.

In a Tuesday order, the Oregon Public Utility Commission said its sale deliberations will remain on hold unless Avista and Toronto-based Hydro One appeal the decisions in Washington and Idaho.

The Washington Utilities and Transportation Commission acted to block the sale in December, determining it wasn’t in the public’s best interest. The Idaho Public Utilities Commission denied the sale Jan. 3, saying it would violate state law.

Avista and Hydro One asked for a reconsideration in Washington, which the Utilities and Transportation Commission denied. However, Avista could still seek a judicial review of that decision.

For the sale to go through, it must be approved by regulators in the states where Avista has operations.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.