Montana PSC issues final order approving proposed Avista-Hydro One merger
Hydro One Limited and Avista Corporation announced that the Montana Public Service Commission has issued its final order approving the proposed merger. The Commission voted to approve the proposed merger, with conditions on June 12, 2018. With this order, the merger has received all approvals in Montana. "We are very pleased to have received regulatory approval from the Montana Public Service Commission," said Mayo Schmidt, President and CEO, Hydro One. "With regulatory approvals complete in Alaska and now Montana, we are well on our way to combining our two companies. With regulatory approvals still required in Oregon, Idaho and Washington, we anticipate completing the transaction later this year."