Hydro One and Avista Reach Settlement in Principle in Washington Merger Case

Mar 17, 2018

TORONTO and SPOKANE, Wash., March 16, 2018 (GLOBE NEWSWIRE) -- Hydro One Limited (“Hydro One”) (TSX:H) and Avista Corporation (“Avista”) (NYSE:AVA) have reached a significant milestone in the regulatory approval process of the proposed merger. Notification of a settlement in principle with various parties has been filed with the Washington Utilities and Transportation Commission (“WUTC”). The parties intend to file a settlement agreement with the WUTC on or before March 27, 2018. The settlement in principle is subject to the review and approval of the WUTC. Hydro One and Avista continue to anticipate closing the transaction in the second half of 2018.

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