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Friday, December 6, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: scott morris

UPDATED: Mon., May 13, 2019

Scott Morris, Avista chairman and CEO, announces retirement

Avista Corp. Chairman and CEO Scott Morris has informed the Spokane-based utility’s board of directors that he will retire from the company effective March 1.

Avista chairman Scott Morris sells $771,000 worth of company stock

Scott Morris sold $771,000 worth of Avista stock this week, but he still retains a $9 million ownership stake in the Spokane-based utility.

UPDATED: Fri., Feb. 8, 2019

Avista will seek customer rate increases in 2020

Avista will ask regulators in Washington, Idaho and Oregon to approve higher rates for electricity and natural gas that would take effect in early 2020.

Scott Morris and Mike Brown: How do you get there from here? Career Connect Washington

It’s sometimes hard to remember how hard the “What do you want to be when you grow up?” question is. The follow-up question is even harder: “How are you going …

UPDATED: Fri., Dec. 7, 2018

Avista may seek another ‘white knight’

Avista Corp. remains a likely takeover target, even though the Spokane-based utility’s plan to be purchased by a Canadian company is apparently dead.

Idaho regulators asking hard questions about Avista’s sale to Canadian utility

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.

Rob Curley: How one defining moment in Avista CEO Scott Morris’ life helped him work through another – the proposed sale to Hydro One

Scott Morris is the CEO of Avista as it heads directly into one of the biggest and more important moments in the iconic Spokane company’s 128-year history: its pending $5.3 …

Front & Center: Avista CEO Scott Morris discusses the utility’s proposed sale, his role and what it means to his hometown

Spokesman-Review Editor Rob Curley recently spoke with Avista CEO Scott Morris for a podcast that touched on several aspects of the company’s proposed sale to Hydro One Ltd., including what …

UPDATED: Wed., Sept. 26, 2018

Avista sale includes protections against Canadian government influence and rate hikes, consultant says

Avista Corp.’s proposed sale to Hydro One Ltd. has safeguards to protect local customers from Canadian government interference and rate hikes if Toronto-based utility runs into future financial troubles, says …

UPDATED: Wed., Sept. 26, 2018

Avista executives to receive $18 million payout on day of sale

Thirteen of Avista’s top executives will receive about $18 million in immediate payouts if the Spokane-based utility is sold to Hydro One Ltd., of Toronto.

UPDATED: Wed., July 11, 2018

Hydro One CEO and board ousted in political shakeup

Hydro One’s chief executive officer was ousted Wednesday by Ontario’s new premier, and the utility’s entire board of directors submitted resignations.

UPDATED: Wed., May 23, 2018

Washington regulators seek answers on foreign ownership, influence of Ontario politics on Avista’s future

Questions about foreign ownership and political influence were aired Tuesday during a regulatory hearing in Olympia on Avista’s proposed sale to the Canadian utility.

UPDATED: Tue., April 3, 2018

Avista CEO’s compensation dropped in 2017

Scott Morris, Avista’s chairman and CEO, earned about $4.2 million in total compensation last year.

Scott Morris: Avista sale is good for customers, community

Six months ago, Avista and Hydro One announced plans to combine and form one of North America’s largest regulated utilities. Since that time, as we’ve moved toward closing, our confidence …

UPDATED: Tue., Nov. 21, 2017

Avista shareholders approve utility’s sale to Canadian utility Hydro One

With little fanfare, Avista Corp.’s shareholders approved the sale of the 128-year-old company to Hydro One Ltd. on Tuesday. The sale is expected to be final in August.

UPDATED: Wed., Nov. 1, 2017

Avista reports lower 3Q earnings, cites Hydro One merger costs

Acquisition costs related to Avista Corp.’s proposed purchase by Hydro One of Ontario led to lower third-quarter earnings for the Spokane-based utility.

Avista CEO Morris, wife pledge $3 million to foundations

The Avista Foundation announced Wednesday it will receive its first individual endowment, courtesy of Avista Corp. CEO Scott Morris and his wife, Liz.

UPDATED: Mon., Aug. 14, 2017

Burden of decision: A native son climbs to Avista’s top job, then arranges the sale of the company

Avista’s sale is a weighty decision, CEO Scott Morris said in a recent interview, but one he thinks history will look favorably on.

Doug Clark: A friendly hello from your new Canadian overlords

Greetings, Yankee ratepayers! Welcome to our first installment of Ask Hydro One, formerly known as Ask Avista.

UPDATED: Fri., July 21, 2017

Sale of Avista would require ‘net benefits’ to ratepayers, Washington regulators say

Things to know about the proposed Avista sale: Scott Morris’ stock is worth about $10 million under this deal. Avista’s sales price has caused a stir in Canada, where Hydro …

Doug Clark: Avista profits can buy lots of Reddy Kilowatt accessories

Hello and welcome to another installment of Ask Avista, the only forum that lets Spokane area ratepayers get straight answers regarding their power company concerns. OK. So let’s get energized.

UPDATED: Fri., March 3, 2017

Avista CEO Scott Morris earns $4.5 million in 2016

Avista Corp. paid its top executive about $4.5 million in total compensation last year.

Avista ready to appeal rejection of higher rates for electricity and natural gas

Avista Utilities will ask state regulators to reconsider last week’s decision to deny the company’s request for higher rates in 2017, and will take its appeal to court, if necessary, …

Avista CEO’s pay fell in 2015

Scott Morris, Avista’s chairman and chief executive, earned $3.6 million in total compensation last year.

Avista explains need for another rate increase

Wendi Dunlap lives in a house in Hillyard with an old furnace. Last winter, the social worker qualified for energy assistance to help pay her Avista bill. Many Spokane families …

Avista’s top executive earns $5.5 million in 2014

Avista Corp. paid its top executive about $5.5 million in total compensation last year. Scott Morris, chairman and chief executive officer of the Spokane-based utility, earned about 90 percent more …

Private meetings between UW, WSU explored ‘co-branding’ medical school in Spokane

Two private meetings this summer brought top officials from the University of Washington and Washington State University close to a deal on “co-branding” a medical school in Spokane. Yet the …

Sale boosts Avista gains

Avista Corp.’s sale of its energy management subsidiary helped push the utility’s second-quarter earnings past the $100 million mark, officials said Wednesday. Avista reported earnings of $100.9 million, or $1.67 …

Avista executive compensation lower

Pay for Avista Corp.’s top five executives dropped last year as a result of lower stock awards and changing pension values. Scott Morris, chairman and chief executive officer of the …

Avista’s profits up 42 percent

Avista Corp.’s profits shot up 42 percent in 2013, following higher demand for heat and air-conditioning during a year that featured a colder-than-normal winter and a hot summer. The Spokane-based …