US FERC sanctions merger application of Hydro One and Avista

US Federal Energy Regulatory Commission (FERC) approved the merger application of Hydro One Limited and Avista Corporation filed on September 14th, 2017. It also noted Hydro One’s commitment to offer economically- viable transaction solutions. Approval must be obtained from the Federal Communications Commission along with clearance by the Committee on Foreign Investment in the United States, and compliance with applicable requirements under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Mayo Schmidt, President and CEO, Hydro One said “As we continue on the journey to obtain the other necessary regulatory approvals, we are confident that bringing together our two companies will deliver long-term value.”