Edition:
United States

State Regulators Deny Hydro One’S Acquisition Of Avista Corp


Wednesday, 5 Dec 2018 05:45pm EST 

Dec 5 (Reuters) - Avista Corp ::STATE REGULATORS DENY HYDRO ONE’S ACQUISITION OF AVISTA CORPORATION.THE WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION- THE PROPOSED HYDRO ONE’S DEAL WITH AVISTA CANNOT BE SAID TO BE CONSISTENT WITH PUBLIC INTEREST.WASHINGTON UTC-DIRECTED AVISTA TO WORK WITH COMMISSION TO RETURN TO CUSTOMERS $10.4 MILLION IN TAX BENEFITS LEFT OUTSTANDING FROM AVISTA’S LAST GENERAL RATE CASE.