Multinational Utilities Merger

This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.

Two energy utilities, Avista Corporation and Hydro One Limited, have notified the Montana Public Service Commission (PSC) of a merger agreement under which Hydro One will acquire Avista in a $5.3 billion all-cash transaction. Under the proposal, Hydro One, headquartered in Ontario, Canada, will purchase all outstanding shares of stock of Avista, which is based in Spokane, Washington.

This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.