Washington Utilities and Transportation Commission Issues Extension for Avista and Hydro One Merger Decision
TORONTO and SPOKANE, WA, July 20, 2018 /PRNewswire/ - Hydro One Limited ("Hydro One") (TSX: H) and Avista Corporation ("Avista") (NYSE: AVA) today received notice from the Washington Utilities and Transportation Commission (the "Commission") that it has extended the deadline for a decision on the proposed merger between Hydro One and Avista by four months to December 14, 2018.
Please see the Commission's announcement here.
About Hydro One Limited
We are Ontario's largest electricity transmission and distribution provider with more than 1.3 million valued customers, over C$25 billion in assets and 2017 annual revenues of nearly C$6 billion. Our team of over 7,400 skilled and dedicated regular and non-regular employees proudly and safely serves suburban, rural and remote communities across Ontario through our 30,000 circuit km of high-voltage transmission and 123,000 circuit km of primary distribution networks. Hydro One is committed to the communities we serve, and has been rated as the top utility in Canada for its corporate citizenship, sustainability, and diversity initiatives. We are one of only five utility companies in Canada to achieve the Sustainable Electricity Company designation from the Canadian Electricity Association. We also provide advanced broadband telecommunications services on a wholesale basis utilizing our extensive fibre optic network through Hydro One Telecom Inc. Hydro One Limited's common shares are listed on the Toronto Stock Exchange (TSX: H).
About Avista Corporation
Avista Corporation is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 385,000 customers and natural gas to 350,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.6 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light & Power Company. Avista stock is traded under the ticker symbol "AVA." For more information about Avista, please visit www.myAvista.com.
CONTACT: For further information: Hydro One, Media: Jay Armitage, Director, Corporate Communications, media.relations@hydroone.com, 416-345-6868; Investors: Omar Javed, Vice President, Investor Relations, investor.relations@hydroone.com, 416-345-5943; Avista, Media: Casey Fielder, Communications Manager, casey.fielder@avistacorp.com, 509-495-4916; Investors: Lauren Pendergraft, Investor Relations Manager, lauren.pendergraft@avistacorp.com, 509-495-2998
