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The region’s 133,000 customers of the public utility will see their monthly energy bills drop 1% this winter, according to a news release from the public utility commission.
Avista Corp.’s proposed $5.3 billion sale to a Canadian utility took another hit Thursday, when a second state moved to block the sale.
A hearing in Olympia last May offered hints that Avista Corp.’s sale to Hydro One Ltd. was headed for trouble.
The Idaho Public Utilities Commission on Tuesday afternoon finished its technical hearing on Avista Corp.’s proposed $5.3 billion sale to a Canadian utility.
Hydro One Ltd.’s independence was on the stand Monday, as Idaho attorneys grilled executives about the Canadian government’s influence on the utility trying to buy Avista.
Idaho regulators are raising tough questions about Avista Corp.’s sale to a Canadian utility, and their concerns have the potential to unravel the $5.3 billion deal.
Avista has lowered electric rates for Idaho customers by 5.5 percent. Residential customers will see an average decrease of $4.85 per month.
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.
Avista Corp. is asking regulators for permission to decrease natural gas rates for Idaho customers, effective Nov. 1. If approved, a typical household was save about 34 cents on a monthly bill.
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.
A technical hearing by Idaho regulators on the proposed merger of Avista and Hydro One has been postponed.
Avista’s Idaho customers could see about $6 in monthly savings on their heating bills this winter. The utility is proposing rate decreases, effective this fall.
Deliberations over the sale of Avista are heading into the final stretches, prompting utility customers who are opposed to speak up. Concerns about foreign ownership and future rates figure prominently in their remarks.
Federal and state tax cuts will give Avista’s Idaho customers a break on their electric and natural gas bills.
North Idaho residents expressed deep suspicions Thursday night about the proposed sale of Avista Corp. to a Canadian utility partly owned by the government of Ontario.
Avista’s Idaho customers could see about $7 in savings on their utility bills from federal tax reform. The utility has asked Idaho regulators to approve decreases in electric and natural gas rates, effective June 1.
Idaho regulators will hold hearings in June on Avista’s proposed sale to Hydro One Ltd., of Toronto.
Avista Corp. and Hydro One Ltd. have filed paperwork with Idaho regulators outlining how Avista would operate after its sale to the Canadian utility.
A public workshop on Avista’s proposed sale to Hydro One of Tornoto takes place at 6 p.m. Wednesday in Coeur d’Alene at the Midtown Meeting Center, 1505 N. Fifth St.
Avista customers will pay less for natural gas this winter as a result of lower wholesale prices.