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News / Business / Business Briefs

Idaho regulators set new timeline for Avista-Hydro One deal

By Associated Press
Published: September 19, 2018, 8:02pm

COEUR D’ALENE, Idaho — Idaho utility regulators have set a new schedule for a hearing on the proposed $5.3 billion sale of Avista Corp. to Hydro One.

Hydro One is the largest electricity transmission and distribution provider in the Canadian province of Ontario. Company officials announced last year that Hydro One would merge with the American energy company Avista, which serves customers in Washington, Oregon and Idaho. The deal must be approved by regulators in each state.

Under the new schedule, a technical hearing will be held Nov. 26. A previous hearing scheduled for July was canceled.

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