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Avista officials explain proposed merger

October 26, 2018
As Avista continues to move through the regulatory process toward approval of its proposed merger with Hydro One, Avista officials want to provide an update on the status, why they are engaged in this partnership and what it means for customers.

The utility industry is undergoing transformational change and has been consolidating over the last decade. This has changed the landscape for smaller utilities like Avista. The decision to team up with Hydro One at a time of strength is a unique opportunity to preserve our identity and legacy while allowing us to continue to define and control, to a significant degree, their future operations.

Over the last nearly year and a half, they’ve worked to formalize their partnership with Hydro One in a way that aligns with their values and honors the customers and communities they serve. The merger commitments agreed to by Avista and Hydro One throughout the regulatory process ensure this is a partnership that benefits all stakeholders.

While this merger would change Avista’s ownership structure, customers and communities should expect business as usual.

What does this look like for you?
  • High quality, reliable energy at a reasonable cost
Continued operation as a stand-alone company led by a Board of Directors with significant Pacific Northwest representation
  • Ongoing community involvement and economic development
  • Increased charitable giving, nearly doubling our current levels of community contributions and an additional $2 million annual contribution to the Avista Foundation, following a one-time contribution of $7 million
  • Headquarters in Spokane and maintained presence in the communities across our service area
  • Rate credits provided to customers once the merger is approved by the state utility commissions
  • Rates set by state utility commissions, not Hydro One, which will include only the costs for Avista to serve its customers

The merger has received regulatory approval from utility commissions in Alaska and Montana, and all necessary federal approvals have been received.

For more information about our partnership with Hydro One, the merger approval process and details on milestones and communications, please visit www.myavista.com/hydroone.

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