BOISE, Idaho — Avista Corp.’s proposed sale to Hydro One Ltd. of Toronto has been denied by the Idaho Public Utilities Commission.
The Spokesman-Review reports Thursday’s move follows similar action last month by Washington regulators, who also denied the sale of the Spokane-based utility.
The Idaho Public Utilities Commission said the sale is prohibited by state law, which prevents the transfer of assets from a regulated electric utility to an entity that is “owned or controlled” by any other state.
The commission pointed to the province of Ontario’s ownership and influence on Hydro One.
