Hydro One and Avista Reach Settlement in Principle in Washington Merger Case - Seite 2

The transaction received approval from the Federal Energy Regulatory Commission (“FERC”) on Jan. 16, 2018 and from Avista shareholders on Nov. 21, 2017.

Applications for regulatory approval of the transaction are still pending with utility commissions in Washington, Idaho, Oregon, Montana and Alaska. Approval must be obtained from the Federal Communications Commission. Also required is 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, as well as the satisfaction of other customary closing conditions. 

For further information:

Hydro One

Media:
Jay Armitage
Director, Corporate Communications
[e-mail], 416-345-6868

Investors:
Omar Javed
Director, Investor Relations
[e-mail], 416-345-5943

Avista

Media:
Casey Fielder, Communications Manager
[e-mail], 509-495-4916

Investors:
Lauren Pendergraft, Investor Relations Manager
[e-mail], 509-495-2998

About Hydro One Limited
We are Ontario's largest electricity transmission and distribution provider with more than 1.3 million valued customers, over $25 billion in assets and 2017 annual revenues of nearly $6 billion. Our team of over 7,400 skilled and dedicated regular and non-regular employees proudly and safely serves suburban, rural and remote communities across Ontario through our 30,000 circuit km of high-voltage transmission and 123,000 circuit km of primary distribution networks. Hydro One is committed to the communities we serve, and has been rated as the top utility in Canada for its corporate citizenship, sustainability, and diversity initiatives. We are one of only five utility companies in Canada to achieve the Sustainable Electricity Company designation from the Canadian Electricity Association. We also provide advanced broadband telecommunications services on a wholesale basis utilizing our extensive fibre optic network. Hydro One Limited's common shares are listed on the Toronto Stock Exchange (TSX:H).