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Oregon utility regulators suspend proceedings in Hydro One/Avista merger case

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Oregon utility regulators suspend proceedings in Hydro One/Avista merger case

The Oregon Public Utility Commission suspended its proceedings in the pending merger case of Hydro One Ltd. and Avista Corp. indefinitely, given the rejection of the $5.3 billion transaction by state regulators in Washington and Idaho.

The PUC said in a Jan. 14 order that the approval of the merger by the Washington Utilities and Transportation Commission and the Idaho Public Utilities Commission "is necessary" for the transaction to move forward in Oregon.

The companies need to seek a reversal of decisions in Washington and Idaho either through "appeals or other means" in order to provide a justiciable issue for the Oregon commission to address, the commission said. (OPUC Order 19-008)