OLYMPIA — Washington regulators have scheduled a Tuesday hearing on Avista Corp.’s proposed sale to Hydro One Ltd., of Toronto.
The 9:30 a.m. hearing in Olympia will be livestreamed and can be viewed at www.tvw.org/watch/?eventID=2018101014.
During the hearing, Avista and Hydro One will present updates to the proposed settlement for operations after the $5.3 billion sale and answer questions from the state Utilities and Transportation Commission. An earlier hearing was in May.
The three-member commission scheduled a second hearing after a political shakeup at Hydro One in July led to the resignation of the board of directors and the chief executive’s retirement.
After the sale, Avista would become a subsidiary of Hydro One. Avista would maintain its existing corporate headquarters in Spokane and would continue to operate in Washington with the same name and employees.
