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The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Avista finds buyer for Ecova energy management subsidiary

Avista Corp. has found a buyer for its subsidiary Ecova, which provides management services for energy use, expenses and data to Fortune 500 companies and other firms. The Spokane-based utility has signed an agreement to sell Ecova for $335 million to Cofely USA, a subsidiary of GDF SUEZ, a French multinational electric utility company. The deal is expected to close July 1.