Idaho Regulator Denies Avista, Hydro One’s $5.3 Billion Merger Citing Prohibition by State Law
The Idaho Public Utilities Commission on Jan. 3 determined that the proposed sale of Washington-based Avista Corporation to Canada-based Hydro One Limited would violate state law that bars the transfer of regulated electric utility assets to an entity that is owned or controlled by another state. The move follows similar action last month by Washington…